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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You lust submitted the Accounting Configuration. Which two statements are correct?

A) Verify the data roles created and assign them to the General Ledger users.
B) A Data Access Set with full read/write access to the ledger is automatically created.
C) Open the ledger's period to begin entering transactions.
D) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

2. Which two statements are true regarding the export/import of reports?

A) Reports on setup data can be used to compare and analyze how the data might have changed over time.
B) A set of reports lists user names, suppliers, and customers that have been exported/imported
C) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
D) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
E) The export/import reports are available only for Fusion Customer Relationship Management.

3. You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A) Intercompany transactions have not been fully processed.
B) There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
C) Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
D) All sub ledger transactions have been entered but do not have complete accounting.
E) Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

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

A) There is no difference.
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 and all others are based on Historical data.
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.

5. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) Two tree versions were not defined
B) Chart of accounts was not deployed.
C) An Audit process needs to be successfully performed before a tree version can be set to Active.
D) Accounting Configuration was not submitted-

Solutions: