Oracle Fusion Financials: General Ledger 2014 Essentials - 1z1-408

Oracle 1z1-408 test insides dumps
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Jul 31, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Exam Syllabus Topics:
SectionObjectives
Financial Reporting- Reporting Tools
  • 1. Financial statements generation
    • 2. Smart View / reporting frameworks
      General Ledger Configuration- Chart of Accounts Structure
      • 1. Account hierarchies
        • 2. Value sets and account segments
          - Ledger Setup
          • 1. Accounting calendar setup
            • 2. Ledger definition and configuration
              Period Close Process- Close Activities
              • 1. Adjustments and reconciliations
                • 2. Period close checklist
                  Journal Processing- Journal Approval and Posting
                  • 1. Approval workflows
                    • 2. Posting processes
                      - Journal Entries
                      • 1. Manual journal creation
                        • 2. Recurring journals
                          Accounting and Subledger Integration- Subledger Accounting
                          • 1. Journal import from subledgers
                            • 2. Accounting rules
                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              1. You want to process multiple allocations at the same time. What feature do you use?

                              A) Point of View (POV)
                              B) Formulas
                              C) RuleSets
                              D) General Ledger Journal entries


                              2. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

                              A) Open a Smart View file saved on your desktop.
                              B) Use Account Inspector.
                              C) Create an Account Group using Account Monitor.
                              D) Perform an account analysis online.


                              3. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
                              Identity the step that is not correct when implementing this integration.

                              A) Create the accounting in the source system and then import the journal entries into subledger accounting.
                              B) Determine the accounting impact of transactions.
                              C) Analyze external system transactions.
                              D) Capture accounting events.


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


                              5. Journal approval uses Approvals Management Extension (AMX).
                              Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

                              A) Position
                              B) Supervisory level based on HR Supervisors
                              C) Job level
                              D) Approval Group


                              Solutions:

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

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