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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question 1

Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A. Hire a New Ernployee
B. Manage Users
C. Oracle Identity Management (OIM)
D. Policy Manager (APM)
E. Financials not a stand-alone product

Question 2

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. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
B. 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.
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.

Question 3

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A. Enter another adjusting journal entry in the currency to true up the balances.
B. Rerun Revaluation and then rerun Translation
C. Rerun Translation and then reconsolidate your result
D. Translate only the adjusting journal entry.

Question 4

You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

A. Report Functions
B. Allow Expansion
C. Nothing. All report balances are drillable in all FR Studio reports.
D. Drill Through in Grid Properties

Question 5

Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A. Role-Based Access
B. Data Access Sets
C. Segment Value Security
D. Cross-Validation Rules

Solutions: