Oracle 1z0-408

Oracle Fusion Financials: General Ledger 2014

Essentials
Version: 5.0
 Oracle 1z0-408 Exam
QUESTION NO: 1

Which repot show you differences between your subledger balances and General Ledger
balances?

A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
D. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables
Invoice Registers

Answer: C
Explanation:

QUESTION NO: 2

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. Drill Through in Grid Properties

B. Report Functions
C. Nothing. All report balances are drillable in all FR Studio reports.
D. Allow Expansion

Answer: D
Explanation:

QUESTION NO: 3

Your customer operates three shared services that perform accounting functions across 50
countries.

What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. Reference Data Sets

B. Business Units functions
C. None. Setup data is partitioned by Business Unit and must be defined separately per Business
Unit.
D. Data Access Sets

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 Oracle 1z0-408 Exam
Answer: B
Explanation:

QUESTION NO: 4

Your customer is reconciling their Intercompany Receivables accounts.

Which two reports should they use In addition to using the intercompany Reconciliation report?

A. Receivables Aging by General Ledger Account report

B. General I edger Trial Balance report
C. Receivables to General Ledger Reconciliation report
D. AR Aging report

Answer: C
Explanation:

QUESTION NO: 5

What Is Oracle Essbase?

A. A robust reporting and analysis tool

B. A relational database
C. A data ware house
D. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion
GeneralLedger

Answer: B
Reference:

http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?hybrid.htm

QUESTION NO: 6

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.

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 Oracle 1z0-408 Exam
B. Use Excel functions to hide rows with #Missing assigned
C. Choose the Suppress Zeros option under Data options.
D. This indicates a database connection issue. Try to reconnect to Fusion Applications.

Answer: A
Reference:

http://www.miamidade.gov/budget/library/bat/smartview-training-manual.pdf

QUESTION NO: 7

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

A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will
be generated automatically.
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 and make sure the tree is active. The hierarchy will be system generated
for
D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the
hierarchy.

Answer: B
Explanation:

QUESTION NO: 8

You want to monitor the dose process of all your financial subledgers and ledgers.

How can you quickly obtain this information?

A. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to
view the status of each period.
B. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
C. Use Close Monitor in General Accounting Dashboard.
D. Run Closing Status reports.

Answer: D
Explanation:

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 Oracle 1z0-408 Exam

QUESTION NO: 9

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 two journal line rules with a condition of supplier type.

B. Create an Account Rule with 31 rule elements using one condition for each expense type and
another for supplier type.
C. Create an Account Rule with two rule elements using one for expense type mapping and the
other for the condition of supplier type.
D. 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.

Answer: C
Explanation:

QUESTION NO: 10

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

A. Perform an account analysis online.

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

Answer: A
Explanation:

QUESTION NO: 11

You lust submitted the Accounting Configuration. Which two statements are correct?

A. You must define a Data Access Set to obtain full read/write access to the ledgers in the

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 Oracle 1z0-408 Exam
Accounting Configuration.
B. A Data Access Set with full read/write access to the ledger is automatically created.
C. Open the ledger's period to begin entering transactions.
D. Verify the data roles created and assign them to the General Ledger users.

Answer: C
Explanation:

QUESTION NO: 12

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability
down to originating transactions.

Which three features facilitate this?

A. Account Inspector
B. Smart View
C. Account Monitor
D. Online Transactional Business Intelligence
E. Financial Reports published to Excel

Answer: E
Explanation:

QUESTION NO: 13

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

Answer: A
Explanation:
Reference:

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 Oracle 1z0-408 Exam
http://docs.oracle.com/cd/E27605_01/fscm91pbr2/eng/psbooks/sbil/chapter.htm?File=sbil/htm/sbil
25.htm

QUESTION NO: 14

You customer is a financial Institution that needs to maintain overage daily balances (ADB).

Which two statements are true regarding this functionality in Fusion Applications?

A. ADB provides organizations with the ability to track average and end-of-day balances,
reportaverage balance sheets, and create custom reports using both actual and average
balances.
B. Average balances are stored for both subledger balances and general ledger balances.
C. Average balances are stored in the Essbase cube.
D. Average balances are maintained for both actual and budget balances.
E. When using ADB, you must define a daily calendar and assign it to your ADB ledger.

Answer: A,D
Explanation:

QUESTION NO: 15

You want to define a tree or hierarchy for use in reports and allocations.

What three aspects should you remember when creating the tree?

A. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree
to view the hierarchy in Essbase cubes.
B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
C. The tree should have at least two tree versions to reduce report and allocation maintenance.
D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional
Business Intelligence (OTBI).
E. It is fine to have the same child value roll up to two or more different parent values.

Answer: B,C,E
Explanation:

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 Oracle 1z0-408 Exam
QUESTION NO: 16

Your customer has a large number of legal entities. The legal entity values are defined in the
company segment and the primary balancing segment. They want to easily create eliminating
entries for the intercompany activity.

What should you recommend?

A. Define an intercompany segment in the chart of accounts. The Intercompany module and the
intercompany balancing feature in general ledger and sub ledger accounting will automatically
populate the intercompany segment with the balancing segment value of the legal entity with
which you are trading.
B. There is no need to define an intercompany segment. You can track the Intercompany trading
partner using distinct intercompany receivable/payable natural accounts to identify the trading
partner.
C. Define an intercompany segment and qualify it as the second balancing segment to make sure
all entries are balanced for the primary balancing segment and intercompany segment.
D. There is no need to define an intercompany segment, the Intercompany module keeps track of
the trading partners for you based on the Intercompany rules you define.

Answer: B
Explanation:

QUESTION NO: 17

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 -of-
balance situation between your sub ledgers and general ledger.

Which two aspects should you consider when defining your AutoPost Criteria?

A. Use the Alloption for category and accounting period to reduce maintenance and ensure that all
imported journals are included in the posting process.
B. 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.
C. Create your AutoPost criteria using minimal source and categories.
D. Schedule your AutoPost Criteria set to run during off-peak hours only

Answer: B
Explanation:

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 Oracle 1z0-408 Exam
QUESTION NO: 18

You need to create a month-end re-porting package for an upcoming Audit Committee meeting.
You have 10 financial reports that you will need to share with executives and auditors.

In which three ways do you accomplish this?

A. Using Workspace, assemble multiple reports into a book.

B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on
accounting information at that specific point in time.
C. Users can drill down on snapshot reports for future analysis.
D. The report contained in the book can be printed or viewed individually or as an entire book
thatincludes a table of contents.
E. Snapshot reports can only be viewed online.

Answer: A,B,D
Explanation:

QUESTION NO: 19

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. Journals Reports
D. Aging Reports

Answer: C
Explanation:

QUESTION NO: 20

You are reconciling your Payables the Receivables balances against the General Ledger. You are
using the Payables to Ledger Reconciliation report. You notice discrepancies between
thebalances in the subledgers, subledger accounting, and general ledger.

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 Oracle 1z0-408 Exam
Which three factors are responsible for these out-of-balance situations?

A. All sub ledger transactions have been entered but do not have complete accounting.
B. Subledger transactions have been accounted and transferred to General Ledger but have not
been posted.
C. There were manually entered journals against the Payables and Receivables accounts that
were posted in General Ledger.
D. Intercompany transactions have not been fully processed.
E. Period Close processes,such as Revaluation, Translation, and Consolidation have not
beenperformed yet

Answer: B,D,E
Explanation:

QUESTION NO: 21

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

Answer: D
Explanation:

QUESTION NO: 22

You are required to enter a high volume of users into the system. What does Oracle consider best
practice to do this?

A. Use SQL to populate the HR interface tables and load employees in bulk.
B. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then
import users into Fusion Applications.
C. Use the "Hire an Employee" user interfaceto inter each user manually.

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 Oracle 1z0-408 Exam
D. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
E. Use the Enter a Supplier" user interface to enter each user manually.

Answer: D
Explanation:

QUESTION NO: 23

Before implementing Fusion Financials, your customer used to manually reconcile their
intercompany payables and receivables accounts.

What is a more automated approach to do this?

A. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to
automatically reconcile intercompany balances.
B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the
intercompany payables and receivables balances.
C. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables
and payables accounts that are out of balance.
D. In Fusion Financials, you must manually reconcile your intercompany account balances.
E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account
balances.

Answer: B
Explanation:

QUESTION NO: 24

Your customer is closing their period and they are using Fusion Intercompany to create physical
invoices in Fusion Payables and Receivables.

What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion
General Ledger?

A. Close Fusion Payables and Receivables periods, close the related intercompany period, and
then close the Fusion General Ledger's period.
B. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close
the related intercompany period
C. Close the related intercompany period, close Fusion Payables and Receivables periods, and

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 Oracle 1z0-408 Exam
then Fusion General Ledger.
D. You only need to close Fusion Payables and Receivables periods followed by the Fusion
GeneralLedger's period.

Answer: C
Explanation:
Reference:

http://www.oracle.com/technetwork/middleware/bi-foundation/fcm-11122-fusion-r6-integration-
1900499.pdf

QUESTION NO: 25

You want to enter budget data in Fusion General Ledger. Which method is not supported?

A. Smart View
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Entering budget Journals

Answer: D
Explanation:
Reference:

http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm

QUESTION NO: 26

Your customer has many eliminating entries to eliminate intercompany balances. The General
Ledge does not include a purpose-built Consolidation feature.

How would you automate the process of creating eliminating entries, assuming your customer is
not using Oracle Hyperion Financial Close Management?

A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task
and import the spreadsheet with the eliminating entries every period.
B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate
entries that you can generate every period.
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial

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 Oracle 1z0-408 Exam
Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy of the
Journal batch every period.

Answer: C
Explanation:

QUESTION NO: 27

Your foreign currency transactions need to be revalued every month. For balance sheet accounts,
you reverse the revaluation journals in the next period. You are using the period-to-date (PTD)
method of revaluation tor your income statement accounts.

When should you reverse revaluation journals, if at all required?

A. Reverse them in the same period as the revaluation run.

B. Both balance sheet and income statement revaluation journals should be reversed in the
period.
C. Never, because each period's revaluation adjustment is just for that period.
D. The reversals must be done at the end of each quarter.

Answer: B
Explanation:

QUESTION NO: 28

Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in
order to define balancing rules
B. You can only define balancing rules for different journals' sources. You cannot define balancing
rules for different journal categories.
C. You can define different balancing rules for different combinations of journal sources, journal
categories, and transaction types
D. You can define different rules for different charts of accounts, ledgers, legal entities, and
primary balancing segment value.

Answer: A
Explanation:
Reference:

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 Oracle 1z0-408 Exam
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm

QUESTION NO: 29

Which two types of journals can be automatically routed through the journal approval process?

A. Allocation journals
B. Revaluation journals
C. Manual journals
D. Sub ledger journals
E. Journals imported from third-party systems

Answer: C,E
Explanation:

QUESTION NO: 30

Your company wants to change the Cumulative Translation Adjustment (CTA) account to record
gains/losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

A. Purge all translated balances, change the CTA account in the Ledger page, and rerun
Translation for all periods required.
B. Open the Ledgers page and update the CTA account and then rerun Translation for all periods
required. The system will automatically update the translated balances.
C. Query the Translation journals and delete all of them, then change the CTA account in the
Ledger page, and rerun Translation for all periods required.
D. Define a new ledger and accounting configuration. The CTA account cannot be updated after
the ledger has been in use.

Answer: B
Explanation:
Reference:

http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

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 Oracle 1z0-408 Exam
QUESTION NO: 31

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. Smart View
B. Financial Reports with Embedded charts
C. Account Monitor
D. Account Inspector and its charts

Answer: A
Explanation:

QUESTION NO: 32

Which statement is true when creating an Implementation Project for Fusion Financials?

A. Selecting the Offering Financials, automatically allows you to perform the setup for all Fusion
Financial products.
B. You must select the Offering Financials, and each individual product or option to perform the
setup for each product in Fusion Financials.
C. You only need to make the project name unique, then you can perform the setup for any
product family, such as Financials, Procurement, Human Capital Management and Supply Chain
D. Plan your implementation project carefully because you cannot delete it or make changes later.
E) The Implementation Project is preconfigured and cannot be deleted or changed.

Answer: B
Explanation:
Reference:

http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e16600/provnewenv.htm

QUESTION NO: 33

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was
entered after you consolidated your results.

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 Oracle 1z0-408 Exam
What does Oracle consider best practice when this occurs?

A. Translate only the adjusting journal entry.

B. Rerun Revaluation and then rerun Translation
C. Rerun Translation and then reconsolidate your result
D. Enter another adjusting journal entry in the currency to true up the balances.

Answer: A
Explanation:

QUESTION NO: 34

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. Data Access Sets

B. Cross-Validation Rules
C. Segment Value Security
D. Role-Based Access

Answer: C
Explanation:

QUESTION NO: 35

You want to prevent intercompany transactions from being entered during the last day of the
close.

What should you do?

A. Close all subledger periods.

B. Close Intercompany periods in Fusion Intercompany.
C. Freeze the Intercompany Journal source in General Ledger.
D. Close the General Ledger period in the Manage Accounting Periods page.

Answer: B
Explanation:

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 Oracle 1z0-408 Exam

QUESTION NO: 36

Identify three functions of Functional Setup Manager.

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

Answer: A,B,E
Explanation:

QUESTION NO: 37

Your user forgot the password. How do you resolve this?

A. Use the Manage Users page to update the user's information and change the password.
B. Use Oracle Identity Management (OIM) to reset the user's password.
C. Log in to the user's machine as an Administrator and change the password from the login pa
D. Use Access Policy Manager (APM) to reset the user's password.
E. Create a new user ID and password for the user.

Answer: B
Explanation:
Reference:

http://docs.oracle.com/cd/E21764_01/doc.1111/e15477/pwd.htm#IMINT236

QUESTION NO: 38

Your customer has only licensed Fusion Financials and wants to use approval workflows.

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 Oracle 1z0-408 Exam
Using which page to enter users and assign roles does Oracle consider best practice?

A. Manage Users
B. Hire a New Ernployee
C. Oracle Identity Management (OIM)
D. Policy Manager (APM)
E. Financials not a stand-alone product

Answer: C
Explanation:

QUESTION NO: 39

What is the most efficient way to add a new year to the accounting calendar?

A. Add the periods manually

B. Use the Add Year button
C. Import the periods from a spreadsheet
D. The application automatically populates the next year when you open the first period a new
fiscal year.

Answer: D
Explanation:
Reference:

https://docs.oracle.com/cd/E13228_01/fscm9pbr0/eng/psbooks/fspf/chapter.htm?File=fspf/htm/fspf
13.htm

QUESTION NO: 40

Which three objectives must be considered when designing the chart of accounts?

A. Effectively manage an organization's financial business.

B. Consider implementing a single, global chart of accounts
C. Anticipate growth and maintenance needs as organizational changes occur.
D. Limit the number of segments to those you need today to reduce data entry.
E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.

Answer: A,B,C

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 Oracle 1z0-408 Exam
Explanation:

QUESTION NO: 41

Which reporting tool is best suited for submitting high-volume transactional reports, such as
invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text
Format or XML?

A. Financial Reporting Center

B. Oracle Transactional Business Intelligence (OTBI)
C. Intelligence Publisher (BI Publish.
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)

Answer: B
Explanation:

QUESTION NO: 42

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle
Business Intelligence Applications (OBIA).

A. OBIA is based on the universal data warehouse design with different prebuilt adapters that
canconnect to various source application
B. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of
metrics that help to measure business performance
C. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP,
andFusion Applications.
D. OTBI allows you to create custom reports from real-time transactional data against thedatabase
directly
E. Cloud customers can use both OTBI and OBIA.

Answer: B,C,D
Explanation:

QUESTION NO: 43

Your customer wants to create fully balanced balance sheets for the Company, Line of Business,

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 Oracle 1z0-408 Exam
and product segments for both financial and management reporting.

What is Oracle's suggested best practice for doing this?

A. Create a segment that acts as the primary balancing segment and create values that represent
a concatenation of all three business dimensions.
B. Use account hierarchies to create different hierarchies for different purposes and use those
hierarchies for reporting.
C. Create three segments and qualify them as the primary balancing segment, second, and third
balancing segments, respectively.
D. Create two segments where the first segment represents the concatenation of Company and
Line of Business, and then enable secondary tracking for the Product Segment.

Answer: C
Explanation:
Reference:

http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm

QUESTION NO: 44

You defined a tree or hierarchy, but you are unable to set its status to Active.

What is the reason?

A. Chart of accounts was not deployed.

B. Accounting Configuration was not submitted-
C. An Audit process needs to be successfully performed before a tree version can be set to Active.
D. Two tree versions were not defined

Answer: D
Explanation:

QUESTION NO: 45

You are creating financial statements and want to have charts, such as a bar graph, automatically
inserted to improve the understanding of the financial results.

Whats the most efficient way to achieve this?

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 Oracle 1z0-408 Exam
A. When viewing the report, download to Excel and use Excel's Charting features to create your
bar graph.
B. When designing your financial statement using Financial Report (FR), embed a chart into your
report
C. Use Account Inspector that automatically creates graphs on financial balances.
D. Use Smart View, which is and Excel Add-on

Answer: C
Explanation:
Reference:

https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm

QUESTION NO: 46

On whichthree occasions are Essbase balances updated?

A. Every time the tree version is published

B. Every time journals are posted to the general ledger
C. Every time you run the batch program called "Update Essbase Balances"
D. At report run-time
E. Every time you open a new period

Answer: A,B,D
Explanation:

QUESTION NO: 47

Which two delivered ro.es can access the full functionality of Functional Setup Manager,

A. Application Implementation Manager

B. Functional Setup Manager Superuser
C. Application Implementation Consultant
D. Any functional user
E. IT Security Manager

Answer: A,C
Explanation:

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 Oracle 1z0-408 Exam
QUESTION NO: 48

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 Category
B. Journal Source
C. Journal Batch
D. Journal Description

Answer: C
Explanation:

QUESTION NO: 49

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. Posting performance is much faster.
E. Integrating with third-party systems is easier because the Essbase cube provides chart of
accounts mapping rules.

Answer: B,D
Explanation:

QUESTION NO: 50

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-
day business. As a consequence, you need to manage your business in a more stable currency
while retaining the ability to report in the unstable local currency.

What would be your recommendation when defining ledgers?

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 Oracle 1z0-408 Exam
A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as
often as you need.
B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable
currency.
C. Run Revaluation as often as you need to the more stable currency and report on the more
stable currencysbalances.
D. Create a secondary ledger that uses a different chart of accounts that is denominated in the
more stable currency.

Answer: B
Explanation:
Reference:

http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm

QUESTION NO: 51

Which two General Ledger work would you assign to all your entry-level General Ledger
accountants?

A. Journals Work Area

B. Period Close Work Area
C. Financial Reporting Center
D. General Accounting Dashboard

Answer: A,D
Explanation:

QUESTION NO: 52

You need to define multiple allocation rules as efficiently as possible.

Which three components can be reused across allocation rules?

A. Point of View (POV)

B. Run Time Prompts (RTP)
C. Formulas
D. RuleSets

Answer: B,C,D

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 Oracle 1z0-408 Exam
Explanation:

QUESTION NO: 53

You need to integrate Fusion Accounting Hub with external source systems used for Billing.

Identity the step that is not correct when implementing this integration.

A. Analyze external system transactions.

B. Capture accounting events.
C. Determine the accounting impact of transactions.
D. Create the accounting in the source system and then import the journal entries into subledger
accounting.

Answer: D
Explanation:

QUESTION NO: 54

You need to define a chart of accounts that includes an intercompany segment. Your customer
plans to use segment value security rules for the Company segment.

What does Oracle consider as best practice to define this chart or accounts?

A. Share the same value set for the company and intercompany segments to reduce chart of
accounts maintenance.
B. Use two different value sets for the company and intercompany segment because segment
value security rules are at the value set level.
C. Define the company segment only and qualify it as both the primary balancing segment
andintercompany segment.
D. Define two different charts of accounts.

Answer: C
Explanation:

QUESTION NO: 55

Your customer wants to have balance sheets and income statements for their cost center and
program segments. That is, they want to have three balancing segments.

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 Oracle 1z0-408 Exam
Which two recommendations would you give your customer?

A. When entering journals manually, the customer will need to make sure that the debits and
credits are equal across all balancing segments because the system will not automatically balance
the journal.
B. Every journal where debits do not equal credits across the three balancing segments will result
in the System generating extra journal lines to balance the entry.
C. Additional intercompany rules will need to be defined for the two additional balancing segments.
D. Ledger balancing rules will need to be defined to instruct the system on how to generate
balancing entries for the second and third balancing segments.

Answer: A,D
Explanation:

QUESTION NO: 56

Which two methods can your General Ledger accountants use to more easily view large amounts
of contained in the tables in their work areas?

A. Detach the table to resize it to the maximum size of the monitor

B. Export the table to Excel.
C. Run a Business Intelligence Publisher report with Excel as the output format.
D. Use the Freeze feature on the tables to scroll through large amounts of data.

Answer: A,B
Explanation:

QUESTION NO: 57

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

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 Oracle 1z0-408 Exam
Answer: C
Explanation:

QUESTION NO: 58

You entered users who are both employees and contingent workers. You want an automated way
to assign, reassign, and remove roles from users. What feature do you use?

A. Oracle Identity Manager Roles Assignment

B. Access Policy Manager's Role Generation
C. Role Mappings
D. Data Roles
E. You cannot reassign contingent workers.

Answer: C
Explanation:

QUESTION NO: 59

What are the tables or views from which the Create Accounting program takes source data that is
used in rules to create journal entries?

A. Transaction Objects
B. Event Entities
C. Mapping Sets
D. Accounting attributes
E. Event Classes

Answer: A
Explanation:
Reference:

https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm

QUESTION NO: 60

Which two statements are true regarding the export/import of reports?

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 Oracle 1z0-408 Exam
A. A set of reports are provided for both exported and imported setup data to validate the
export/import processes and setup data.
B. Reports on setup data can be used to compare and analyze how the data might have changed
over time.
C. To view errors encountered during the export or import Process, you must use SQL queries to
obtain that data because no reports exist.
D. A set of reports lists user names, suppliers, and customers that have been exported/imported
E. The export/import reports are available only for Fusion Customer Relationship Management.

Answer: C,E
Explanation:

QUESTION NO: 61

You are defining intercompany balancing rules that are applied to a specific source and category,
such as payables and invoices, or a specific intercompany transaction type, such as Intercompany
Sales.

Which two statements are correct?

A. You must define rules for every combination of specific categories and sources. Otherwise,
theintercompany balancing will not work.
B. You can create a rule for all sources and categories by selecting the source "Other" and the
category "Other."
C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules
in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
D. Set up a chart of accounts rule for every chart of accounts structure you have in order to
ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.

Answer: A,C
Explanation:

QUESTION NO: 62

You want to specify Intercompany System Options.

Which three factors should you consider?

A. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local

currencies

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 Oracle 1z0-408 Exam
B. Whether to allow receivers to reject intercompany transactions
C. Automatic or manual batch numbering and the minimum transaction amount
D. Automatic or manual batch numbering and the maximum transaction amount
E. The approvers who will approve intercompany transactions

Answer: A,B,D
Explanation:

QUESTION NO: 63

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use
intercompany entries.

What is Oracle's recommended best practice when implementing; a new chart of accounts? How
many segments and what segment qualifiers should be used?

A. Define three segments for the company, department, and natural account. The qualifiers
shouldbe primary balancing segment, cost center segment, and natural account segment,
respectively
B. Define four segments for the company, department, natur.il account, and intercompany
segment. The qualifiers should be primary balancing segment, cost center segment, natural
account segment, and intercompany segment, respectively.
C. Define five segments for the company, department, natural account, intercompany, and future
use segment. The qualifiers should be primary balancing segment, cost center segment, natural
account segment, intercompany segment, and no qualifier, respectively.
D. Define three segments tor the company, department, and natural account. The qualifiers for the
first segment should be primary balancing segment and intercompany segment, cost center
segment, and natural account segment, respectively.

Answer: C
Explanation:

QUESTION NO: 64

You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger
data.

How do you accomplish this?

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 Oracle 1z0-408 Exam
A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet
to PowerPoint
B. Use SmartView to create reports and charts using general ledger and subledger subject areas
embed the charts/reports into PowerPoint
C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and
Excel.
D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.

Answer: C
Explanation:
Reference:

http://www.oracle.com/webfolder/technetwork/tutorials/obe/fmw/bi/biee/r1013/smartview/smart_vie
w.htm

QUESTION NO: 65

Your customer is having issues transferring intercompany transactions to General Ledger..

Identify three reasons for this.

A. The intercompany transaction is not approved.

B. The corresponding Payables and Receivablesinvoicehave not been generated.
C. If they are different, then the exchange rate is missing between the intercompany and ledger
currency.
D. The intercompany period is closed.
E. Both the intercompany and general ledger periods are open.

Answer: A,B,C
Explanation:

QUESTION NO: 66

When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available
in the Essbase balances cube.

What should you do to correct this situation?

A. Make sure the tree version was published successfully.

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 Oracle 1z0-408 Exam
B. Make sure to flatten the rows of the tree version.
C. Make sure the tree is active.
D. Redeploy the chart of accounts.

Answer: D
Explanation:

QUESTION NO: 67

Alter submitting the journal for approval, you realize that the department value in the journal
incorrect. How do you correct the value?

A. Delete the journal and create a new journal.

B. Update the journal through workflow
C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
D. Reverse the journaland create a new one.

Answer: B
Explanation:

QUESTION NO: 68

Journal approval uses Approvals Management Extension (AMX).

Which AMX builder method is most effective in routing the journals to the Accounting Manager
when the General Ledger Accountant enters the journal?

A. Supervisory level based on HR Supervisors

B. Job level
C. Position
D. Approval Group

Answer: D
Explanation:

QUESTION NO: 69

Your company has complex consolidation requirements with multiple general ledger instances.

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 Oracle 1z0-408 Exam
You are using Oracle Hyperion Financial Management to consolidate the disparate General
Ledgers. You can typically map segments between your general ledger segment to a Hyperion
Financial Management segment, such as Company to Entity, Department to Department, and
Account to Account.

What happens to segments in your source general ledger, such as Program, that cannot be
mapped Hyperion Financial Management?

A. The data is not transferred.

B. Data is summarized across segments that are not mapped to Hyperion Financial Management
C. Errors occur for unmapped segments. You must map multiple segments from source general
ledgers to the target segment in Hyperion Financial Management.
D. The unmapped segments default to future use segments in Hyperion Financial Management

Answer: C
Explanation:

QUESTION NO: 70

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

Answer: B,D
Explanation:

QUESTION NO: 71

What's the difference between subject areas that append the word "Real Time" and those that do
not?

A. There is no difference.

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 Oracle 1z0-408 Exam
B. The Real Time subject areas are based on real-time transactions and all others are based on
Historical data.
C. The Real Time subject areas are based on real-time transactions in Fusion Applications, and
all others are based on data stored in the Oracle Business Intelligence Applications data
warehouse.
D. The Real time subject areas are based on sub ledger transactions and all others are based on
general ledger balances.

Answer: B
Explanation:

QUESTION NO: 72

All of your subsidiaries can share the same ledger with their parent company and all reside on the
same application instance. They do perform intercompany accounting.

What does Oracle consider the best practice approach to performing consolidations?

A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to
theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent
ledger.
C. Use General Ledgers Financial Reporting functionality to produce consolidated reports
bybalancing segment where each report represents a different subsidiary. Any eliminating entries
can be entered in yet another separate balancing segment.
D. Create separate ledgers for each subsidiary that shares the same chart of accounts,
calendar,currency, and accounting method. Create a separate elimination ledger to enter
intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger
set.

Answer: A
Explanation:
Reference:

http://www.oracle.com/us/solutions/business-intelligence/consolidation-solution-1876985.pdf

QUESTION NO: 73

You want to process multiple allocations at the same time. What feature do you use?

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 Oracle 1z0-408 Exam
A. RuleSets
B. Point of View (POV)
C. Formulas
D. General Ledger Journal entries

Answer: C
Explanation:

QUESTION NO: 74

What type of user must be defined before you can create an Implementation Project?

A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an
Implementation Project.
B. A full-time employee that has the FSM Superuser role assigned
C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person
provisioning the system, has full access.
D. Implementation Users
E. All roles that will be used throughout the implementation

Answer: E
Explanation:

QUESTION NO: 75

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. Application Development Framework Desktop Integration(ADFdi)

B. Account Inspector
C. Account Monitor
D. Smart View

Answer: B
Explanation:

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 Oracle 1z0-408 Exam
QUESTION NO: 76

Which two are prerequisites for creating subledger accounting entries?

A. Completing accounting transformation definition and activating Subledger Journal Entry Rule
Set assignments for the Accounting Method
B. Populating supporting reference information in reference objects
C. Selecting source values from transaction objects
D. Creating subledger accounting events
E. Completing preaccounting validation

Answer: B,E
Explanation:

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