Oracle 1z1-408 exam dumps : Oracle Fusion Financials: General Ledger 2014 Essentials

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Jul 17, 2026     Q & A: 76 Questions and Answers

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Oracle 1z1-408 Exam Syllabus Topics:

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

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              1. 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) Role Mappings
                              B) Oracle Identity Manager Roles Assignment
                              C) Access Policy Manager's Role Generation
                              D) You cannot reassign contingent workers.
                              E) Data Roles


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


                              3. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
                              How do you accomplish this?

                              A) Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
                              B) Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
                              C) Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
                              D) Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.


                              4. You defined a tree or hierarchy, but you are unable to set its status to Active.
                              What is the reason?

                              A) Two tree versions were not defined
                              B) Chart of accounts was not deployed.
                              C) An Audit process needs to be successfully performed before a tree version can be set to Active.
                              D) Accounting Configuration was not submitted-


                              5. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

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


                              Solutions:

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

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