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Oracle 1z1-408 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Chart of Accounts20%- Value sets, segments, and qualifiers
- Designing and configuring chart of accounts structure
- Cross-validation rules and segment security
Topic 2: Consolidation and Close Process15%- Consolidation methods and eliminations
- Translation and revaluation
- Period close and year-end processing
Topic 3: Intercompany and Balancing15%- Automatic balancing and elimination entries
- Intercompany reconciliation
- Configuring intercompany accounts and rules
Topic 4: Journal Processing20%- Recurring, allocation, and reversal journals
- Journal import and validation
- Creating, approving, and posting journals
Topic 5: Ledgers and Accounting Configurations20%- Defining ledgers, ledger sets, and reporting currencies
- Currency and conversion rules
- Accounting calendars and period management
Topic 6: Reporting and Analysis10%- Financial reporting using OTBI and Smart View
- Trial balance and inquiry tools
- Account inspector and balance analysis

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Identify three functions of Functional Setup Manager.

A) Centrally manage the close processes across subledgers and ledgers.
B) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
C) Provide a central place to access and perform all of the setup steps across Fusion application product
D) Automatically mark the status of tasks as Completed after they have been completed.
E) Assign setup tasks to individuals with due dates where users must manually update their completion status.


2. Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

A) Financial Reports with Embedded charts
B) Smart View
C) Account Monitor
D) Account Inspector and its charts


3. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A) Financial Reports published to Excel
B) Online Transactional Business Intelligence
C) Smart View
D) Account Inspector
E) Account Monitor


4. 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) Intelligence Publisher (BI Publish.
B) Oracle Business Intelligence Applications (OBIA)
C) Smart View
D) Oracle Transactional Business Intelligence (OTBI)
E) Financial Reporting Center


5. How do you hide accounts with no balances showing #Missing in Smart view?

A) Select the Data/Missing check box in the Data Options tab.
B) This indicates a database connection issue. Try to reconnect to Fusion Applications.
C) Use Excel functions to hide rows with #Missing assigned
D) Choose the Suppress Zeros option under Data options.


Solutions:

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

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