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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. On whichthree occasions are Essbase balances updated?

A) Every time you open a new period
B) Every time the tree version is published
C) Every time you run the batch program called "Update Essbase Balances"
D) Every time journals are posted to the general ledger
E) At report run-time

2. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.

A) The intercompany transaction is not approved.
B) Both the intercompany and general ledger periods are open.
C) The corresponding Payables and Receivablesinvoicehave not been generated.
D) The intercompany period is closed.
E) If they are different, then the exchange rate is missing between the intercompany and ledger currency.

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

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

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 real-time transactions and all others are based on Historical data.
C) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
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. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You only need to assign the Legal Entity and Organization Contact.
B) You must perform additional setup steps for Fusion Payables and Fusion Receivables.
C) You must assign the corresponding Receivables and Payables Business Units.
D) You can only associate one Intercompany Organization per Legal Entity.

Solutions: