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

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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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 Translation and then reconsolidate your result
C) Translate only the adjusting journal entry.
D) Rerun Revaluation and then rerun Translation

2. You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A) Schedule your AutoPost Criteria set to run during off-peak hours only
B) Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
C) Create your AutoPost criteria using minimal source and categories.
D) Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

3. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

A) Event Type
B) Event Class
C) Journal Entry Rule Set
D) Journal Line Rule
E) Journal Entry

4. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
B) Use Smart View, which is and Excel Add-on
C) Use Account Inspector that automatically creates graphs on financial balances.
D) When designing your financial statement using Financial Report (FR), embed a chart into your report

5. Which two are prerequisites for creating subledger accounting entries?

A) Creating subledger accounting events
B) Populating supporting reference information in reference objects
C) Selecting source values from transaction objects
D) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
E) Completing preaccounting validation

Solutions: