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

  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Oct 04, 2026
  • Q & A: 76 Questions and Answers

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Oracle 1z0-408 Exam Syllabus Topics:

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

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              Question #1

                              What Is Oracle Essbase?

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

                              Correct Answer: A  🗳️

                              Explanation: Only visible for Free4Torrent members. You can sign-up / login (it's free).

                              Question #2

                              You want to specify Intercompany System Options.
                              Which three factors should you consider?

                              • A. Whether to allow receivers to reject intercompany transactions
                              • B. Automatic or manual batch numbering and the minimum transaction amount
                              • C. The approvers who will approve intercompany transactions
                              • D. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
                              • E. Automatic or manual batch numbering and the maximum transaction amount
                              Reveal Solution  Discussion  0

                              Correct Answer: A,D,E  🗳️

                              Question #3

                              You need to define multiple allocation rules as efficiently as possible.
                              Which three components can be reused across allocation rules?

                              • A. Formulas
                              • B. Point of View (POV)
                              • C. RuleSets
                              • D. Run Time Prompts (RTP)
                              Reveal Solution  Discussion  0

                              Correct Answer: A,C,D  🗳️

                              Question #4

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

                              • A. Entering budget Journals
                              • B. Smart View
                              • C. Application Development Framework Desktop Integration (ADFdi)
                              • D. File-based Data Import
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Explanation: Only visible for Free4Torrent members. You can sign-up / login (it's free).

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

                              Correct Answer: A  🗳️

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