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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
B) Posting performance is much faster.
C) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
D) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
E) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

2. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
B) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
C) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
D) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

3. Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

A) The reversals must be done at the end of each quarter.
B) Reverse them in the same period as the revaluation run.
C) Both balance sheet and income statement revaluation journals should be reversed in the period.
D) Never, because each period's revaluation adjustment is just for that period.

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

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

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

Solutions: