Oracle 1z1-408 Valid Q&A - in .pdf

  • 1z1-408 pdf
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Oct 12, 2026
  • Q & A: 76 Questions and Answers
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  • Updated: Oct 12, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Valid Q&A - Testing Engine

  • 1z1-408 Testing Engine
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Oct 12, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Exam Syllabus Topics:

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

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    Question #1

                                    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. Entering budget Journals
                                    • D. File-based Data Import
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

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

                                    Question #2

                                    You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
                                    How do you accomplish this?

                                    • A. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
                                    • B. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
                                    • C. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
                                    • D. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

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

                                    Question #3

                                    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. Determine the accounting impact of transactions.
                                    • B. Analyze external system transactions.
                                    • C. Create the accounting in the source system and then import the journal entries into subledger accounting.
                                    • D. Capture accounting events.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

                                    Question #4

                                    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 Fusion General Ledger, and then close the related intercompany period
                                    • B. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
                                    • C. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
                                    • D. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

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

                                    Question #5

                                    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. Event Classes
                                    • E. Accounting attributes
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

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

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