Oracle 1z1-408 : Oracle Fusion Financials: General Ledger 2014 Essentials

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) Journals Reports
B) Aging Reports
C) Account Analysis Reports
D) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances

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

3. Your company has complex consolidation requirements with multiple general ledger instances.
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 unmapped segments default to future use segments in Hyperion Financial Management
B) Data is summarized across segments that are not mapped to Hyperion Financial Management
C) The data is not transferred.
D) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

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

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

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

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

Solutions: