Oracle Fusion Financials: General Ledger 2014 Essentials : 1z0-408 Exam Questions

  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Oct 01, 2026
  • Q&As: 76 Questions and Answers

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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close Process- Close Activities
  • 1. Adjustments and reconciliations
    • 2. Period close checklist
      Topic 2: Accounting and Subledger Integration- Subledger Accounting
      • 1. Journal import from subledgers
        • 2. Accounting rules
          Topic 3: General Ledger Configuration- Ledger Setup
          • 1. Ledger definition and configuration
            • 2. Accounting calendar setup
              - Chart of Accounts Structure
              • 1. Value sets and account segments
                • 2. Account hierarchies
                  Topic 4: Financial Reporting- Reporting Tools
                  • 1. Financial statements generation
                    • 2. Smart View / reporting frameworks
                      Topic 5: Journal Processing- Journal Approval and Posting
                      • 1. Approval workflows
                        • 2. Posting processes
                          - Journal Entries
                          • 1. Recurring journals
                            • 2. Manual journal creation

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              Question #1

                              What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

                              • A. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
                              • B. Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
                              • C. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
                              • D. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Question #2

                              Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
                              What is the solution?

                              • A. Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
                              • B. Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
                              • C. Create two journal line rules with a condition of supplier type.
                              • D. Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Question #3

                              What Is Oracle Essbase?

                              • A. A data ware house
                              • B. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
                              • C. A robust reporting and analysis tool
                              • D. A relational database
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                              Question #4

                              How do you hide accounts with no balances showing #Missing in Smart view?

                              • A. Select the Data/Missing check box in the Data Options tab.
                              • B. This indicates a database connection issue. Try to reconnect to Fusion Applications.
                              • C. Use Excel functions to hide rows with #Missing assigned
                              • D. Choose the Suppress Zeros option under Data options.
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                              Question #5

                              You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
                              Which two aspects should you consider when defining your AutoPost Criteria?

                              • A. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
                              • B. Create your AutoPost criteria using minimal source and categories.
                              • C. Schedule your AutoPost Criteria set to run during off-peak hours only
                              • D. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

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