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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting and Analysis | - Reporting Capabilities
|
| Topic 2: Intercompany and Consolidation | - Advanced General Ledger Features
|
| Topic 3: General Ledger Fundamentals | - General Ledger Overview
|
| Topic 4: Enterprise Structure and Configuration | - Enterprise Setup
|
| Topic 5: Allocations and Period Close | - Period-End Processing
|
| Topic 6: Journal Processing | - Journal Management
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?
A) Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
B) Use Oracle Hyperion Financial Management for this type of complex consolidation.
C) Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
D) Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
2. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?
A) Financial Reporting Center
B) Smart View
C) Oracle Transactional Business Intelligence (OTBI)
D) Intelligence Publisher (BI Publish.
E) Oracle Business Intelligence Applications (OBIA)
3. Which repot show you differences between your subledger balances and General Ledger balances?
A) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
B) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
C) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
D) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
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) Use Smart View, which is and Excel Add-on
B) Use Account Inspector that automatically creates graphs on financial balances.
C) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
D) When designing your financial statement using Financial Report (FR), embed a chart into your report
5. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
A) Event Classes
B) Accounting attributes
C) Mapping Sets
D) Transaction Objects
E) Event Entities
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
Christopher -
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