Oracle 1z0-408 real exam prep : Oracle Fusion Financials: General Ledger 2014 Essentials

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Oracle 1z0-408 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) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B) 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.
C) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
E) Posting performance is much faster.

2. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A) Journal Batch
B) Journal Category
C) Journal Description
D) Journal Source

3. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You must perform additional setup steps for Fusion Payables and Fusion Receivables.
B) You can only associate one Intercompany Organization per Legal Entity.
C) You must assign the corresponding Receivables and Payables Business Units.
D) You only need to assign the Legal Entity and Organization Contact.

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

5. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
B) The Account Rule's conditions are not defined.
C) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
D) The Account Rule's chartof accounts have no account values assigned

Solutions: