Oracle 1z0-408 : Oracle Fusion Financials: General Ledger 2014 Essentials
- Exam Code: 1z0-408
- Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
- Updated: Oct 02, 2026
- Q & A: 76 Questions and Answers
About Oracle 1z0-408 Exam
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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Journal Processing | 20% | - Recurring, allocation, and reversal journals - Journal import and validation - Creating, approving, and posting journals |
| Topic 2: Chart of Accounts | 20% | - Value sets, segments, and qualifiers - Cross-validation rules and segment security - Designing and configuring chart of accounts structure |
| Topic 3: Ledgers and Accounting Configurations | 20% | - Accounting calendars and period management - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies |
| Topic 4: Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Period close and year-end processing - Translation and revaluation |
| Topic 5: Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Configuring intercompany accounts and rules - Intercompany reconciliation |
| Topic 6: Reporting and Analysis | 10% | - Account inspector and balance analysis - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?
- A. You cannot reassign contingent workers.
- B. Role Mappings
- C. Data Roles
- D. Oracle Identity Manager Roles Assignment
- E. Access Policy Manager's Role Generation
Correct Answer: B 🗳️
You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?
- A. Formulas
- B. Point of View (POV)
- C. RuleSets
- D. Run Time Prompts (RTP)
Correct Answer: A,C,D 🗳️
You lust submitted the Accounting Configuration. Which two statements are correct?
- A. Verify the data roles created and assign them to the General Ledger users.
- 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. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
Correct Answer: B 🗳️
You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?
- A. Average balances are stored for both subledger balances and general ledger balances.
- B. When using ADB, you must define a daily calendar and assign it to your ADB ledger.
- C. Average balances are maintained for both actual and budget balances.
- D. Average balances are stored in the Essbase cube.
- E. ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
Correct Answer: C,E 🗳️
You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?
- A. Use SQL to populate the HR interface tables and load employees in bulk.
- B. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
- C. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
- D. Use the "Enter a Supplier" user interface to enter each user manually.
- E. Use the "Hire an Employee" user interfaceto inter each user manually.
Correct Answer: B 🗳️
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