Oracle 1z1-408 - Oracle Fusion Financials: General Ledger 2014 Essentials

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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Click the Withdraw Approval button in the Edit Journals page and edit the journal.
B) Reverse the journaland create a new one.
C) Update the journal through workflow
D) Delete the journal and create a new journal.

2. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
B) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
C) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
D) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

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

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

4. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) Entering budget Journals
B) File-based Data Import
C) Smart View
D) Application Development Framework Desktop Integration (ADFdi)

5. Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) Reference Data Sets
B) Data Access Sets
C) None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
D) Business Units functions

Solutions: