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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Configuration | - Chart of Accounts Structure
|
| Topic 2: Period Close Process | - Close Activities
|
| Topic 3: Financial Reporting | - Reporting Tools
|
| Topic 4: Journal Processing | - Journal Entries
|
| Topic 5: Accounting and Subledger Integration | - Subledger Accounting
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Question 1
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?
A. Translate only the adjusting journal entry.
B. Rerun Translation and then reconsolidate your result
C. Enter another adjusting journal entry in the currency to true up the balances.
D. Rerun Revaluation and then rerun Translation
Question 2
Which two statements are true regarding how Intercompany Balancing Rule, are defied?
A. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
C. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
Question 3
Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
A. Event Class
B. Journal Line Rule
C. Event Type
D. Journal Entry Rule Set
E. Journal Entry
Question 4
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?
A. AR Aging report
B. Receivables to General Ledger Reconciliation report
C. General I edger Trial Balance report
D. Receivables Aging by General Ledger Account report
Question 5
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. Report Functions
B. Nothing. All report balances are drillable in all FR Studio reports.
C. Allow Expansion
D. Drill Through in Grid Properties
Solutions:
| Question 1 Answer: A | Question 2 Answer: C | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: C |
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