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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You only need to assign the Legal Entity and Organization Contact.
B) You must assign the corresponding Receivables and Payables Business Units.
C) You can only associate one Intercompany Organization per Legal Entity.
D) You must perform additional setup steps for Fusion Payables and Fusion Receivables.

2. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) Account Analysis Reports
B) Aging Reports
C) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
D) Journals Reports

3. 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) Accounting attributes
B) Event Classes
C) Event Entities
D) Transaction Objects
E) Mapping Sets

4. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
B) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
C) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
D) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

5. 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) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
B) 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.
C) Average balances are stored in the Essbase cube.
D) Average balances are maintained for both actual and budget balances.
E) Average balances are stored for both subledger balances and general ledger balances.

Solutions: