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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Intercompany and Balancing | 15% | - Intercompany reconciliation - Automatic balancing and elimination entries - Configuring intercompany accounts and rules |
| Topic 2: Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Translation and revaluation - Period close and year-end processing |
| Topic 3: Ledgers and Accounting Configurations | 20% | - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management - Currency and conversion rules |
| Topic 4: Reporting and Analysis | 10% | - Trial balance and inquiry tools - Account inspector and balance analysis - Financial reporting using OTBI and Smart View |
| Topic 5: Chart of Accounts | 20% | - Cross-validation rules and segment security - Designing and configuring chart of accounts structure - Value sets, segments, and qualifiers |
| Topic 6: Journal Processing | 20% | - Creating, approving, and posting journals - Journal import and validation - Recurring, allocation, and reversal journals |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?
A) General Accounting Dashboard
B) Financial Reporting Center
C) Journals Work Area
D) Period Close Work Area
2. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.
A) Create the accounting in the source system and then import the journal entries into subledger accounting.
B) Analyze external system transactions.
C) Determine the accounting impact of transactions.
D) Capture accounting events.
3. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?
A) Policy Manager (APM)
B) Financials not a stand-alone product
C) Oracle Identity Management (OIM)
D) Manage Users
E) Hire a New Ernployee
4. Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?
A) Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
B) Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
C) Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively
D) Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
5. Which two types of journals can be automatically routed through the journal approval process?
A) Journals imported from third-party systems
B) Allocation journals
C) Manual journals
D) Sub ledger journals
E) Revaluation journals
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A,C |
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