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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Enterprise Structure and Configuration- Enterprise Setup
  • 1. Accounting calendars and accounting conventions
    • 2. Ledgers and ledger sets configuration
      • 3. Chart of Accounts configuration
        Topic 2: Financial Reporting and Analysis- Reporting Capabilities
        • 1. Financial statement generation
          • 2. Financial Reporting Center and Smart View integration
            • 3. Account inquiry and balances analysis
              Topic 3: Journal Processing- Journal Management
              • 1. Journal posting and reversal processing
                • 2. Spreadsheet and automated journal import
                  • 3. Manual journal entry and approval
                    Topic 4: Allocations and Period Close- Period-End Processing
                    • 1. Open and close accounting periods
                      • 2. Year-end processing
                        • 3. Allocation rules and formulas
                          Topic 5: General Ledger Fundamentals- General Ledger Overview
                          • 1. Oracle Fusion Financials architecture and General Ledger concepts
                            • 2. Ledger, legal entity, and business unit relationships
                              Topic 6: Intercompany and Consolidation- Advanced General Ledger Features
                              • 1. Consolidation concepts and processing
                                • 2. Intercompany balancing and transactions
                                  • 3. Secondary ledgers and reporting currencies

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    Question 1

                                    Your customer is having issues transferring intercompany transactions to General Ledger..
                                    Identify three reasons for this.

                                    A. If they are different, then the exchange rate is missing between the intercompany and ledger currency.
                                    B. The corresponding Payables and Receivablesinvoicehave not been generated.
                                    C. The intercompany transaction is not approved.
                                    D. Both the intercompany and general ledger periods are open.
                                    E. The intercompany period is closed.


                                    Question 2

                                    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


                                    Question 3

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

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


                                    Question 4

                                    You want to monitor the dose process of all your financial subledgers and ledgers.
                                    How can you quickly obtain this information?

                                    A. Use Close Monitor in General Accounting Dashboard.
                                    B. Run Closing Status reports.
                                    C. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
                                    D. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.


                                    Question 5

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

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


                                    Solutions:

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

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