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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Journal Processing | 20% | - Creating, approving, and posting journals - Recurring, allocation, and reversal journals - Journal import and validation |
| Topic 2: Chart of Accounts | 20% | - Value sets, segments, and qualifiers - Cross-validation rules and segment security - Designing and configuring chart of accounts structure |
| Topic 3: Intercompany and Balancing | 15% | - Intercompany reconciliation - Automatic balancing and elimination entries - Configuring intercompany accounts and rules |
| Topic 4: Consolidation and Close Process | 15% | - Translation and revaluation - Consolidation methods and eliminations - Period close and year-end processing |
| Topic 5: Ledgers and Accounting Configurations | 20% | - Accounting calendars and period management - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies |
| Topic 6: Reporting and Analysis | 10% | - Trial balance and inquiry tools - Financial reporting using OTBI and Smart View - Account inspector and balance analysis |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Which three objectives must be considered when designing the chart of accounts?
- A. Effectively manage an organization's financial business.
- B. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
- C. Anticipate growth and maintenance needs as organizational changes occur.
- D. Limit the number of segments to those you need today to reduce data entry.
- E. Consider implementing a single, global chart of accounts
Correct Answer: A,C,E 🗳️
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. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
- C. Cloud customers can use both OTBI and OBIA.
- D. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
- E. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
Correct Answer: A,B,D 🗳️
Which statement is true when creating an Implementation Project for Fusion Financials?
- A. Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
- B. Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
- C. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
- D. You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
Correct Answer: C 🗳️
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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. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
- B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
- C. In Fusion Financials, you must manually reconcile your intercompany account balances.
- D. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
- E. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
Correct Answer: B 🗳️
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. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
- C. 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.
- D. There is no difference.
Correct Answer: A 🗳️
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