Oracle 1z1-408 Q&A - in .pdf

  • 1z1-408 pdf
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Aug 12, 2026
  • Q & A: 76 Questions and Answers
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  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
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  • Updated: Aug 12, 2026
  • Q & A: 76 Questions and Answers
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  • 1z1-408 Testing Engine
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Aug 12, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Intercompany and Consolidation- Advanced General Ledger Features
  • 1. Intercompany balancing and transactions
    • 2. Secondary ledgers and reporting currencies
      • 3. Consolidation concepts and processing
        Topic 2: Enterprise Structure and Configuration- Enterprise Setup
        • 1. Chart of Accounts configuration
          • 2. Ledgers and ledger sets configuration
            • 3. Accounting calendars and accounting conventions
              Topic 3: Financial Reporting and Analysis- Reporting Capabilities
              • 1. Account inquiry and balances analysis
                • 2. Financial Reporting Center and Smart View integration
                  • 3. Financial statement generation
                    Topic 4: Allocations and Period Close- Period-End Processing
                    • 1. Year-end processing
                      • 2. Allocation rules and formulas
                        • 3. Open and close accounting periods
                          Topic 5: Journal Processing- Journal Management
                          • 1. Journal posting and reversal processing
                            • 2. Manual journal entry and approval
                              • 3. Spreadsheet and automated journal import
                                Topic 6: General Ledger Fundamentals- General Ledger Overview
                                • 1. Oracle Fusion Financials architecture and General Ledger concepts
                                  • 2. Ledger, legal entity, and business unit relationships

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    1. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

                                    A) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
                                    B) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
                                    C) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
                                    D) Cloud customers can use both OTBI and OBIA.
                                    E) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application


                                    2. What's the difference between subject areas that append the word "Real Time" and those that do not?

                                    A) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
                                    B) There is no difference.
                                    C) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
                                    D) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.


                                    3. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
                                    Which two options explain that?

                                    A) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
                                    B) The Account Rule's chartof accounts have no account values assigned
                                    C) The Account Rule's conditions are not defined.
                                    D) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.


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


                                    5. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
                                    Which three features facilitate this?

                                    A) Smart View
                                    B) Account Monitor
                                    C) Financial Reports published to Excel
                                    D) Account Inspector
                                    E) Online Transactional Business Intelligence


                                    Solutions:

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

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