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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question #1
Identify three functions of Functional Setup Manager.

A. Provide a central place to access and perform all of the setup steps across Fusion application product
B. Automatically mark the status of tasks as Completed after they have been completed.
C. Assign setup tasks to individuals with due dates where users must manually update their completion status.
D. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
E. Centrally manage the close processes across subledgers and ledgers.

Question #2
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A. Use Smart View, which is and Excel Add-on
B. Use Account Inspector that automatically creates graphs on financial balances.
C. When designing your financial statement using Financial Report (FR), embed a chart into your report
D. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.

Question #3
You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A. All sub ledger transactions have been entered but do not have complete accounting.
B. Intercompany transactions have not been fully processed.
C. Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
D. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
E. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

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

Question #5
What type of user must be defined before you can create an Implementation Project?

A. All roles that will be used throughout the implementation
B. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
C. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
D. A full-time employee that has the FSM Superuser role assigned
E. Implementation Users

Solutions: