Oracle Oracle Applications 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 define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?

A) You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
B) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
C) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
D) It is fine to have the same child value roll up to two or more different parent values.
E) The tree should have at least two tree versions to reduce report and allocation maintenance.

2. Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?

A) Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
B) Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
C) You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
D) Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.

3. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

A) Oracle Transactional Business Intelligence (OTBI)
B) Oracle Business Intelligence Applications (OBIA)
C) Financial Reporting Center
D) Smart View
E) Intelligence Publisher (BI Publish.

4. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
D) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

5. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A) RuleSets
B) Point of View (POV)
C) Run Time Prompts (RTP)
D) Formulas

Solutions: