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Oracle 1z1-408 Valid Braindumps - Oracle Fusion Financials: General Ledger 2014 Essentials

1z1-408
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 17, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Exam Syllabus Topics:

SectionObjectives
Financial Reporting- Reporting Tools
  • 1. Smart View / reporting frameworks
    • 2. Financial statements generation
      Accounting and Subledger Integration- Subledger Accounting
      • 1. Accounting rules
        • 2. Journal import from subledgers
          Period Close Process- Close Activities
          • 1. Period close checklist
            • 2. Adjustments and reconciliations
              Journal Processing- Journal Entries
              • 1. Manual journal creation
                • 2. Recurring journals
                  - Journal Approval and Posting
                  • 1. Posting processes
                    • 2. Approval workflows
                      General Ledger Configuration- Ledger Setup
                      • 1. Accounting calendar setup
                        • 2. Ledger definition and configuration
                          - Chart of Accounts Structure
                          • 1. Value sets and account segments
                            • 2. Account hierarchies

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              Question #1

                              You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
                              What type of report will provide this type of information?

                              • A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
                              • B. Account Analysis Reports
                              • C. Aging Reports
                              • D. Journals Reports
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Question #2

                              You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

                              • A. Use Account Inspector.
                              • B. Create an Account Group using Account Monitor.
                              • C. Perform an account analysis online.
                              • D. Open a Smart View file saved on your desktop.
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Question #3

                              You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

                              • A. Allow Expansion
                              • B. Report Functions
                              • C. Nothing. All report balances are drillable in all FR Studio reports.
                              • D. Drill Through in Grid Properties
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Question #4

                              After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
                              Which feature does not belong on the list?

                              • A. Smart View
                              • B. Account Monitor
                              • C. Account Inspector
                              • D. Application Development Framework Desktop Integration(ADFdi)
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Question #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 using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
                              • B. The Account Rule's chartof accounts have no account values assigned
                              • C. The Account Rule's conditions are not defined.
                              • D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
                              Reveal Solution  Discussion  0

                              Correct Answer: A,B  🗳️

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