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

1z0-408
  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Oct 12, 2025
  • Q & A: 76 Questions and Answers
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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) Allow Expansion
B) Report Functions
C) Nothing. All report balances are drillable in all FR Studio reports.
D) Drill Through in Grid Properties


2. 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) 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.
B) Users can drill down on snapshot reports for future analysis.
C) Using Workspace, assemble multiple reports into a book.
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.


3. 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 can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
B) 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.
C) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
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.


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

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


5. You operate in a country whose unstable currency makes it unsuitable for managing your day-today 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?

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


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A,C,D
Question # 3
Answer: B,C
Question # 4
Answer: C,D
Question # 5
Answer: C

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