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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Management
  • 1. Journal posting and reversal processing
    • 2. Manual journal entry and approval
      • 3. Spreadsheet and automated journal import
        Topic 2: General Ledger Fundamentals- General Ledger Overview
        • 1. Oracle Fusion Financials architecture and General Ledger concepts
          • 2. Ledger, legal entity, and business unit relationships
            Topic 3: Intercompany and Consolidation- Advanced General Ledger Features
            • 1. Intercompany balancing and transactions
              • 2. Secondary ledgers and reporting currencies
                • 3. Consolidation concepts and processing
                  Topic 4: Allocations and Period Close- Period-End Processing
                  • 1. Year-end processing
                    • 2. Allocation rules and formulas
                      • 3. Open and close accounting periods
                        Topic 5: Financial Reporting and Analysis- Reporting Capabilities
                        • 1. Financial Reporting Center and Smart View integration
                          • 2. Account inquiry and balances analysis
                            • 3. Financial statement generation
                              Topic 6: Enterprise Structure and Configuration- Enterprise Setup
                              • 1. Accounting calendars and accounting conventions
                                • 2. Ledgers and ledger sets configuration
                                  • 3. Chart of Accounts configuration

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    1. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
                                    At what level can you override the default accounting attribute assignment?

                                    A) Journal Entry
                                    B) Event Class
                                    C) Event Type
                                    D) Journal Entry Rule Set
                                    E) Journal Line Rule


                                    2. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
                                    What should you do to correct the problem?

                                    A) Open Access Policy Manager (APM) and assign the roles manually
                                    B) Open the Manage Users page and make sure the employees at
                                    C) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
                                    D) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.


                                    3. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
                                    What should be implemented for this type of security?

                                    A) Cross-Validation Rules
                                    B) Role-Based Access
                                    C) Data Access Sets
                                    D) Segment Value Security


                                    4. What Is Oracle Essbase?

                                    A) A robust reporting and analysis tool
                                    B) A relational database
                                    C) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
                                    D) A data ware house


                                    5. Identify three functions of Functional Setup Manager.

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


                                    Solutions:

                                    Question # 1
                                    Answer: D
                                    Question # 2
                                    Answer: A
                                    Question # 3
                                    Answer: D
                                    Question # 4
                                    Answer: B
                                    Question # 5
                                    Answer: A,C,D

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