1Z0-408 Exam Questions

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?

You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree?

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 elimina...

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 c...

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

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...

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...

You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

Identify three functions of Functional Setup Manager.

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...

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...

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

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?

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

To open a period without going into the Setup and Maintenance work area you can maintain the period statuses of ledger from the ___________ work area.

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

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...

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...

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 Busi...

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...

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

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

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-o...

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. I...

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

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

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...

Identify two valid points to be considered when configuring the workspace database connection.

To update the intercompany calendar to use a different general ledger accounting calendar, the intercompany period status for all intercompany transaction types must be____________...

Where can a multidimensional analysis of accounting balances be performed online?

Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

What is the best view or tool to use it you need to quickly perform an ad hoc ledger query that drill down to in a web view?

Choose the Oracle application that will automatically update the chart of accounts values and Hierarchies across multiple Oracle E-Business Suite and Oracle Fusion instances throug...

Your customer has only licensed Fusion Financials and wants to use approval workflows. Using which page to enter users and assign roles does Oracle consider best practice?