Oracle 1z0-408 : Oracle Fusion Financials: General Ledger 2014 Essentials

  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Aug 10, 2026   Q&As: 76 Questions and Answers

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Oracle 1z0-408 Exam Syllabus Topics:
SectionObjectives
Topic 1: Journal Processing- Journal Management
  • 1. Spreadsheet and automated journal import
    • 2. Journal posting and reversal processing
      • 3. Manual journal entry and approval
        Topic 2: Allocations and Period Close- Period-End Processing
        • 1. Allocation rules and formulas
          • 2. Open and close accounting periods
            • 3. Year-end processing
              Topic 3: Financial Reporting and Analysis- Reporting Capabilities
              • 1. Financial Reporting Center and Smart View integration
                • 2. Account inquiry and balances analysis
                  • 3. Financial statement generation
                    Topic 4: Enterprise Structure and Configuration- Enterprise Setup
                    • 1. Ledgers and ledger sets configuration
                      • 2. Chart of Accounts configuration
                        • 3. Accounting calendars and accounting conventions
                          Topic 5: Intercompany and Consolidation- Advanced General Ledger Features
                          • 1. Secondary ledgers and reporting currencies
                            • 2. Consolidation concepts and processing
                              • 3. Intercompany balancing and transactions
                                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. How do you hide accounts with no balances showing #Missing in Smart view?

                                    A) Choose the Suppress Zeros option under Data options.
                                    B) Use Excel functions to hide rows with #Missing assigned
                                    C) This indicates a database connection issue. Try to reconnect to Fusion Applications.
                                    D) Select the Data/Missing check box in the Data Options tab.


                                    2. 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) Application Development Framework Desktop Integration(ADFdi)
                                    C) Account Monitor
                                    D) Smart View


                                    3. Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
                                    What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

                                    A) Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
                                    B) Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
                                    C) Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively
                                    D) Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.


                                    4. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
                                    What should you do to correct this situation?

                                    A) Make sure the tree is active.
                                    B) Make sure the tree version was published successfully.
                                    C) Make sure to flatten the rows of the tree version.
                                    D) Redeploy the chart of accounts.


                                    5. On whichthree occasions are Essbase balances updated?

                                    A) At report run-time
                                    B) Every time you run the batch program called "Update Essbase Balances"
                                    C) Every time you open a new period
                                    D) Every time journals are posted to the general ledger
                                    E) Every time the tree version is published


                                    Solutions:

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

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