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Not sure whether the 1z1-408 practice questions match the real Oracle Fusion Financials: General Ledger 2014 Essentials exam? Download the free PDF demo from Lead2PassExam and judge the quality of the 76 questions and answers yourself before spending anything.
Oracle 1z1-408 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials: General Ledger 2014 Essentials |
| Exam Number: | 1Z0-408 |
| Real Exam Qty: | 76 |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Select, Multiple Choice |
| Related Certifications: | Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333) |
| Passing Score: | 66% |
| Certificate Validity Period: | Valid until retired; certification does not expire |
| Available Languages: | English |
| Exam Price: | $245 USD |
| Recommended Training: | Oracle Fusion Financials: General Ledger 2014 Implementation Training |
| Exam Registration: | Oracle University Pearson VUE |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-general-ledger-2014-essentials/pexam_1Z0-408 |
Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Chart of Accounts | 20% | - Value sets, segments, and qualifiers - Designing and configuring chart of accounts structure - Cross-validation rules and segment security |
| Topic 2: Journal Processing | 20% | - Journal import and validation - Creating, approving, and posting journals - Recurring, allocation, and reversal journals |
| Topic 3: Ledgers and Accounting Configurations | 20% | - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management |
| Topic 4: Consolidation and Close Process | 15% | - Period close and year-end processing - Consolidation methods and eliminations - Translation and revaluation |
| Topic 5: Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Intercompany reconciliation - Configuring intercompany accounts and rules |
| Topic 6: Reporting and Analysis | 10% | - Financial reporting using OTBI and Smart View - Account inspector and balance analysis - Trial balance and inquiry tools |
Common Questions About the Oracle 1z1-408 Exam
The 1z1-408 exam, officially known as Oracle Fusion Financials: General Ledger 2014 Essentials, is the Oracle test that leads to the Oracle Fusion Financials: General Ledger 2014 Certified Implementation Specialist certification at the Specialist / Intermediate level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333).
The 1z1-408 exam contains 76 questions, and you have 120 minutes to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Lead2PassExam test engines are the most reliable way to build that rhythm.
The passing score for the 1z1-408 exam is 66%, and the official registration fee is $245 USD. If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
No formal prerequisites; implementation experience recommended
Entry requirements can change, so confirm the latest conditions on the official exam page: https://education.oracle.com/oracle-fusion-financials-general-ledger-2014-essentials/pexam_1Z0-408.
You can book the 1z1-408 exam through the official registration channels below:
Exam delivery: Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers. Seats at popular test centers fill quickly, so schedule early once your preparation is on track.
Oracle recommends the following training options for Oracle Fusion Financials: General Ledger 2014 Essentials candidates:
Pair any course with the 76 practice questions from Lead2PassExam to measure how ready you really are before paying the exam fee.
Yes. A free PDF demo of the Oracle Fusion Financials: General Ledger 2014 Essentials questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding 1z1-408 exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official Oracle Fusion Financials: General Ledger 2014 Essentials outline is organized into 6 domains. The first three are:
- Consolidation and Close Process — 15% of the exam
- Ledgers and Accounting Configurations — 20% of the exam
- Intercompany and Balancing — 15% of the exam
See the complete exam topics section above for the full outline and the weighting of every domain.
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?
- A. Account Inspector
- B. Account Monitor
- C. Application Development Framework Desktop Integration(ADFdi)
- D. Smart View
Correct Answer: A 🗳️
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
Correct Answer: C 🗳️
You want to process multiple allocations at the same time. What feature do you use?
- A. Point of View (POV)
- B. General Ledger Journal entries
- C. Formulas
- D. RuleSets
Correct Answer: C 🗳️
What type of user must be defined before you can create an Implementation Project?
- A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
- B. A full-time employee that has the FSM Superuser role assigned
- C. All roles that will be used throughout the implementation
- D. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
- E. Implementation Users
Correct Answer: C 🗳️
Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?
- A. Business Units functions
- B. Data Access Sets
- C. Reference Data Sets
- D. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
Correct Answer: A 🗳️
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