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Not sure whether PrepAwayExam materials fit your study style? Download the free PDF demo of the 1z1-408 practice questions and judge the quality yourself before spending anything. The full package gives you 76 questions for the Oracle Fusion Financials: General Ledger 2014 Essentials.

Oracle 1z1-408 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion Financials: General Ledger 2014 Essentials
Exam Number:1Z0-408
Exam Price:$245 USD
Exam Duration:120 minutes
Related Certifications:Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333)
Certificate Validity Period:Valid until retired; certification does not expire
Exam Format:Multiple Choice, Multiple Select
Real Exam Qty:76
Passing Score:66%
Available Languages:English
Recommended Training:Oracle Fusion Financials: General Ledger 2014 Implementation Training
Exam Registration:Oracle University
Pearson VUE
Sample Questions: DOWNLOAD DEMO
Exam Way:Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers
Pre Condition:No formal prerequisites; implementation experience recommended
Official Syllabus URL:https://education.oracle.com/oracle-fusion-financials-general-ledger-2014-essentials/pexam_1Z0-408

Oracle 1z1-408 Exam Syllabus Topics:

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

Answers to Common Questions About the Oracle 1z1-408 Exam

Yes. PrepAwayExam offers a free PDF demo of the 1z1-408 practice questions so you can check the quality, the format, and the difficulty level before you spend anything. After you purchase, you also receive 365 days of free updates, and if the product expires you can extend the update service at a 50% discount from your member zone.

The 1z1-408 exam contains 76 questions and gives you 120 minutes to complete them. That works out to a brisk pace, so you cannot afford to stall on a single tricky item β€” flag it, move on, and circle back if time allows. Before exam day, run at least two timed mock sessions with the PrepAwayExam desktop or online test engine; practicing against a real clock turns the official time limit into a comfortable rhythm instead of a source of panic.

The 1z1-408 exam (full name: Oracle Fusion Financials: General Ledger 2014 Essentials) is a Oracle certification exam that leads to the Oracle Fusion Financials: General Ledger 2014 Certified Implementation Specialist credential, positioned at the Specialist / Intermediate level. It validates the skills Oracle expects from professionals working with its technologies, and passing it is the key step toward getting certified. It also sits within a broader certification path that includes Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333).

The Oracle Fusion Financials: General Ledger 2014 Essentials exam is organized into 6 domains. The main areas include Ledgers and Accounting Configurations (20%), Intercompany and Balancing (15%), and Chart of Accounts (20%). Scroll up to the exam syllabus section on this page for the complete topic-by-topic outline.

No formal prerequisites; implementation experience recommended

Eligibility requirements can change, so before you register, confirm the latest criteria on the official Oracle exam page.

To pass the 1z1-408 exam you need a score of 66%, and the official registration fee is $245 USD. Keep in mind that a failed attempt comes at full price: retaking the exam means paying the entire fee again. A smart way to protect that investment is to self-test first β€” work through the 76 practice questions at PrepAwayExam until your timed scores sit comfortably above the passing line before you book a seat.

Oracle recommends the following training resources for the Oracle Fusion Financials: General Ledger 2014 Essentials:

Official courses build the theory; pair them with the 76 practice questions from PrepAwayExam to turn that knowledge into exam-ready speed and accuracy.

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If you take the 1z1-408 exam within 60 days of your purchase and do not pass, you can apply for a full refund under the PrepAwayExam money back guarantee. To file a claim, submit a scan of your exam enrollment slip together with the official score report (PDF) within 2 days of taking the exam, and your claim will be processed within 7 days. The candidate name must match the payer name, and the policy does not apply to exams taken within 3 days of purchase, to purchases where the exam was never actually taken, or to free materials and expired orders. Prefer an alternative? Instead of a refund, you can exchange your purchase for two free exam products of equal value while keeping the update service on your original product.

You can register for the Oracle Fusion Financials: General Ledger 2014 Essentials through the official channels below:

The 1z1-408 exam is delivered Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers, so choose the option that best fits your schedule when you book.

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

  • A. Oracle Identity Manager Roles Assignment
  • B. You cannot reassign contingent workers.
  • C. Data Roles
  • D. Role Mappings
  • E. Access Policy Manager's Role Generation
Reveal Solution  Discussion  0

Correct Answer: D  πŸ—³οΈ

Which three objectives must be considered when designing the chart of accounts?

  • A. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
  • B. Limit the number of segments to those you need today to reduce data entry.
  • C. Consider implementing a single, global chart of accounts
  • D. Effectively manage an organization's financial business.
  • E. Anticipate growth and maintenance needs as organizational changes occur.
Reveal Solution  Discussion  0

Correct Answer: C,D,E  πŸ—³οΈ

Which repot show you differences between your subledger balances and General Ledger balances?

  • A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
  • B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
  • C. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
  • D. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
Reveal Solution  Discussion  0

Correct Answer: D  πŸ—³οΈ

You want to specify Intercompany System Options.
Which three factors should you consider?

  • A. Automatic or manual batch numbering and the minimum transaction amount
  • B. The approvers who will approve intercompany transactions
  • C. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
  • D. Whether to allow receivers to reject intercompany transactions
  • E. Automatic or manual batch numbering and the maximum transaction amount
Reveal Solution  Discussion  0

Correct Answer: C,D,E  πŸ—³οΈ

Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

  • A. Period Close Work Area
  • B. General Accounting Dashboard
  • C. Journals Work Area
  • D. Financial Reporting Center
Reveal Solution  Discussion  0

Correct Answer: B,C  πŸ—³οΈ

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