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Oracle Applications 1z0-408

1z0-408

Exam Code: 1z0-408

Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials

Updated: Sep 18, 2026

Q&A Number: 76 Q&As

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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Entries
  • 1. Manual journal creation
    • 2. Recurring journals
      - Journal Approval and Posting
      • 1. Posting processes
        • 2. Approval workflows
          Topic 2: General Ledger Configuration- Ledger Setup
          • 1. Accounting calendar setup
            • 2. Ledger definition and configuration
              - Chart of Accounts Structure
              • 1. Account hierarchies
                • 2. Value sets and account segments
                  Topic 3: Financial Reporting- Reporting Tools
                  • 1. Financial statements generation
                    • 2. Smart View / reporting frameworks
                      Topic 4: Period Close Process- Close Activities
                      • 1. Period close checklist
                        • 2. Adjustments and reconciliations
                          Topic 5: Accounting and Subledger Integration- Subledger Accounting
                          • 1. Accounting rules
                            • 2. Journal import from subledgers

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              Question #1
                              You want to enter budget data in Fusion General Ledger. Which method is not supported?

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


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

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


                              Question #3
                              What Is Oracle Essbase?

                              A. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
                              B. A relational database
                              C. A robust reporting and analysis tool
                              D. A data ware house


                              Question #4
                              What type of user must be defined before you can create an Implementation Project?

                              A. A full-time employee that has the FSM Superuser role assigned
                              B. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
                              C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
                              D. All roles that will be used throughout the implementation
                              E. Implementation Users


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


                              Solutions:

                              Question #1
                              Correct Answer: D
                              Question #2
                              Correct Answer: C
                              Question #3
                              Correct Answer: B
                              Question #4
                              Correct Answer: D
                              Question #5
                              Correct Answer: D

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