Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal Approval and Posting
|
| Topic 2: Period Close Process | - Close Activities
|
| Topic 3: General Ledger Configuration | - Ledger Setup
|
| Topic 4: Accounting and Subledger Integration | - Subledger Accounting
|
| Topic 5: Financial Reporting | - Reporting Tools
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
On whichthree occasions are Essbase balances updated?
- A. At report run-time
- B. Every time you run the batch program called "Update Essbase Balances"
- C. Every time you open a new period
- D. Every time the tree version is published
- E. Every time journals are posted to the general ledger
Correct Answer: A,D,E 🗳️
What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
- A. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
- B. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
- C. Posting performance is much faster.
- D. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
- E. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
Correct Answer: C,E 🗳️
You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
- A. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
- B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
- C. Schedule your AutoPost Criteria set to run during off-peak hours only
- D. Create your AutoPost criteria using minimal source and categories.
Correct Answer: B 🗳️
You lust submitted the Accounting Configuration. Which two statements are correct?
- A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
- B. Open the ledger's period to begin entering transactions.
- C. A Data Access Set with full read/write access to the ledger is automatically created.
- D. Verify the data roles created and assign them to the General Ledger users.
Correct Answer: B 🗳️
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
- A. Freeze the Intercompany Journal source in General Ledger.
- B. Close all subledger periods.
- C. Close the General Ledger period in the Manage Accounting Periods page.
- D. Close Intercompany periods in Fusion Intercompany.
Correct Answer: D 🗳️
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