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

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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A) Create your AutoPost criteria using minimal source and categories.
B) Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
C) Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
D) Schedule your AutoPost Criteria set to run during off-peak hours only

2. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are stored in the Essbase cube.
B) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
C) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
D) Average balances are stored for both subledger balances and general ledger balances.
E) Average balances are maintained for both actual and budget balances.

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

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

4. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A) Use Account Inspector.
B) Open a Smart View file saved on your desktop.
C) Create an Account Group using Account Monitor.
D) Perform an account analysis online.

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

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

Solutions: