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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
B) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
C) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
D) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.

2. Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A) Use the Freeze feature on the tables to scroll through large amounts of data.
B) Export the table to Excel.
C) Detach the table to resize it to the maximum size of the monitor
D) Run a Business Intelligence Publisher report with Excel as the output format.

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 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.
B) 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.
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 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.

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) When designing your financial statement using Financial Report (FR), embed a chart into your report
C) Use Smart View, which is and Excel Add-on
D) Use Account Inspector that automatically creates graphs on financial balances.

5. Which repot show you differences between your subledger balances and General Ledger balances?

A) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
B) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
C) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
D) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

Solutions: