Oracle Fusion Financials: General Ledger 2014 Essentials : 1z1-408 Exam Questions

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 29, 2026
  • Q&As: 76 Questions and Answers

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Oracle 1z1-408 Exam Syllabus Topics:

SectionWeightObjectives
Chart of Accounts20%- Value sets, segments, and qualifiers
- Cross-validation rules and segment security
- Designing and configuring chart of accounts structure
Journal Processing20%- Creating, approving, and posting journals
- Recurring, allocation, and reversal journals
- Journal import and validation
Ledgers and Accounting Configurations20%- Defining ledgers, ledger sets, and reporting currencies
- Accounting calendars and period management
- Currency and conversion rules
Intercompany and Balancing15%- Intercompany reconciliation
- Automatic balancing and elimination entries
- Configuring intercompany accounts and rules
Consolidation and Close Process15%- Translation and revaluation
- Consolidation methods and eliminations
- Period close and year-end processing
Reporting and Analysis10%- Financial reporting using OTBI and Smart View
- Trial balance and inquiry tools
- Account inspector and balance analysis

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question #1

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 #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 Description
  • B. Journal Category
  • C. Journal Batch
  • D. Journal Source
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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

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 #5

Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

  • A. Financial Reports with Embedded charts
  • B. Account Inspector and its charts
  • C. Account Monitor
  • D. Smart View
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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