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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Value sets, segments, and qualifiers - Cross-validation rules and segment security |
| Ledgers and Accounting Configurations | 20% | - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management - Currency and conversion rules |
| Consolidation and Close Process | 15% | - Period close and year-end processing - Translation and revaluation - Consolidation methods and eliminations |
| Reporting and Analysis | 10% | - Account inspector and balance analysis - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools |
| Journal Processing | 20% | - Creating, approving, and posting journals - Journal import and validation - Recurring, allocation, and reversal journals |
| Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Intercompany reconciliation - Configuring intercompany accounts and rules |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?
A) Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
B) In Fusion Financials, you must manually reconcile your intercompany account balances.
C) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
D) Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
E) Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
2. On whichthree occasions are Essbase balances updated?
A) Every time you open a new period
B) Every time you run the batch program called "Update Essbase Balances"
C) Every time the tree version is published
D) Every time journals are posted to the general ledger
E) At report run-time
3. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?
A) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
B) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
C) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
D) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
4. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?
A) Data Roles
B) You cannot reassign contingent workers.
C) Role Mappings
D) Oracle Identity Manager Roles Assignment
E) Access Policy Manager's Role Generation
5. You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
A) Create your AutoPost criteria using minimal source and categories.
B) Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
C) Schedule your AutoPost Criteria set to run during off-peak hours only
D) Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,D,E | Question # 3 Answer: A,B | Question # 4 Answer: C | Question # 5 Answer: D |
