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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close Process | - Close Activities
|
| Topic 2: Journal Processing | - Journal Entries
|
| Topic 3: Accounting and Subledger Integration | - Subledger Accounting
|
| Topic 4: Financial Reporting | - Reporting Tools
|
| Topic 5: General Ledger Configuration | - Ledger Setup
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).
- A. Cloud customers can use both OTBI and OBIA.
- B. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
- C. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
- D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
- E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
Correct Answer: C,D,E 🗳️
You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?
- A. Intercompany transactions have not been fully processed.
- B. All sub ledger transactions have been entered but do not have complete accounting.
- C. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
- D. Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
- E. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
Correct Answer: A,D,E 🗳️
What's the difference between subject areas that append the word "Real Time" and those that do not?
- A. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
- B. 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.
- C. There is no difference.
- D. The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
Correct Answer: D 🗳️
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?
- A. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
- B. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
- C. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
- D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
Correct Answer: B 🗳️
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You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?
- A. Nothing. All report balances are drillable in all FR Studio reports.
- B. Report Functions
- C. Drill Through in Grid Properties
- D. Allow Expansion
Correct Answer: D 🗳️
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