Oracle 1z1-408 : Oracle Fusion Financials: General Ledger 2014 Essentials

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 26, 2026
  • Q & A: 76 Questions and Answers

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Oracle 1z1-408 Exam Syllabus Topics:

SectionObjectives
General Ledger Configuration- Chart of Accounts Structure
  • 1. Value sets and account segments
    • 2. Account hierarchies
      - Ledger Setup
      • 1. Accounting calendar setup
        • 2. Ledger definition and configuration
          Journal Processing- Journal Entries
          • 1. Recurring journals
            • 2. Manual journal creation
              - Journal Approval and Posting
              • 1. Posting processes
                • 2. Approval workflows
                  Financial Reporting- Reporting Tools
                  • 1. Financial statements generation
                    • 2. Smart View / reporting frameworks
                      Accounting and Subledger Integration- Subledger Accounting
                      • 1. Journal import from subledgers
                        • 2. Accounting rules
                          Period Close Process- Close Activities
                          • 1. Adjustments and reconciliations
                            • 2. Period close checklist

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              Question #1

                              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.
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Question #2

                              You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

                              • A. Allow Expansion
                              • B. Drill Through in Grid Properties
                              • C. Nothing. All report balances are drillable in all FR Studio reports.
                              • D. Report Functions
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Question #3

                              You want to specify Intercompany System Options.
                              Which three factors should you consider?

                              • A. Whether to allow receivers to reject intercompany transactions
                              • B. Automatic or manual batch numbering and the minimum transaction amount
                              • C. The approvers who will approve intercompany transactions
                              • D. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
                              • E. Automatic or manual batch numbering and the maximum transaction amount
                              Reveal Solution  Discussion  0

                              Correct Answer: A,D,E  🗳️

                              Question #4

                              On whichthree occasions are Essbase balances updated?

                              • A. Every time journals are posted to the general ledger
                              • B. At report run-time
                              • C. Every time you open a new period
                              • D. Every time you run the batch program called "Update Essbase Balances"
                              • E. Every time the tree version is published
                              Reveal Solution  Discussion  0

                              Correct Answer: A,B,E  🗳️

                              Question #5

                              What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

                              • A. Transaction Objects
                              • B. Accounting attributes
                              • C. Mapping Sets
                              • D. Event Classes
                              • E. Event Entities
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

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