Oracle Fusion Financials: General Ledger 2014 Essentials : 1z0-408

  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Aug 25, 2026
  • Q & A: 76 Questions and Answers

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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
General Ledger Fundamentals- General Ledger Overview
  • 1. Ledger, legal entity, and business unit relationships
    • 2. Oracle Fusion Financials architecture and General Ledger concepts
      Journal Processing- Journal Management
      • 1. Spreadsheet and automated journal import
        • 2. Manual journal entry and approval
          • 3. Journal posting and reversal processing
            Enterprise Structure and Configuration- Enterprise Setup
            • 1. Chart of Accounts configuration
              • 2. Ledgers and ledger sets configuration
                • 3. Accounting calendars and accounting conventions
                  Intercompany and Consolidation- Advanced General Ledger Features
                  • 1. Intercompany balancing and transactions
                    • 2. Secondary ledgers and reporting currencies
                      • 3. Consolidation concepts and processing
                        Allocations and Period Close- Period-End Processing
                        • 1. Open and close accounting periods
                          • 2. Allocation rules and formulas
                            • 3. Year-end processing
                              Financial Reporting and Analysis- Reporting Capabilities
                              • 1. Financial Reporting Center and Smart View integration
                                • 2. Account inquiry and balances analysis
                                  • 3. Financial statement generation

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    Question 1

                                    Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
                                    What is Oracle's suggested best practice for doing this?

                                    A. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
                                    B. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
                                    C. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
                                    D. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.


                                    Question 2

                                    You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
                                    In which three ways do you accomplish this?

                                    A. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
                                    B. Snapshot reports can only be viewed online.
                                    C. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
                                    D. Users can drill down on snapshot reports for future analysis.
                                    E. Using Workspace, assemble multiple reports into a book.


                                    Question 3

                                    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. Posting performance is much faster.
                                    C. 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.
                                    D. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
                                    E. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.


                                    Question 4

                                    Which two statements are true regarding the export/import of reports?

                                    A. A set of reports lists user names, suppliers, and customers that have been exported/imported
                                    B. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
                                    C. Reports on setup data can be used to compare and analyze how the data might have changed over time.
                                    D. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
                                    E. The export/import reports are available only for Fusion Customer Relationship Management.


                                    Question 5

                                    Your customer has only licensed Fusion Financials and wants to use approval workflows.
                                    Using which page to enter users and assign roles does Oracle consider best practice?

                                    A. Manage Users
                                    B. Policy Manager (APM)
                                    C. Oracle Identity Management (OIM)
                                    D. Financials not a stand-alone product
                                    E. Hire a New Ernployee


                                    Solutions:

                                    Question 1
                                    Answer: B
                                    Question 2
                                    Answer: A,C,E
                                    Question 3
                                    Answer: B,C
                                    Question 4
                                    Answer: B,E
                                    Question 5
                                    Answer: C

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