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

In modern society, Oracle 1z1-408 certificate has an important impact on your future job, your promotion and salary increase. Also it can make a great deal of difference in your career.

Here, BraindumpsQA's 1z1-408 exam materials will help you pass your Oracle 1z1-408 certification exam and get Oracle certification certificate. Our exam materials are written to the highest standards of technical accuracy. And the 1z1-408 exam questions and answers are edited by experienced IT experts and have a 99.9% of hit rate.

BraindumpsQA provides you with the most excellent and latest 1z1-408 PDF Version & Software version exam dumps. The Software version exam material is a test engine that simulates the exam in a real exam environment, which can help you test your level of knowledge about 1z1-408 exam.

If you have no good idea to prepare for Oracle 1z1-408 exam, BraindumpsQA will be your best choice. Our 1z1-408 exam questions and answers are the most accurate and almost contain all knowledge points. With the help of our exam materials, you don't need to attend other expensive training courses and just need to take 20-30 hours to grasp our 1z1-408 exam questions and answers well.

After you purchased our BraindumpsQA's 1z1-408 exam materials, we offer you free update for one year. We will check the updates of exam materials every day. Once the materials updated, we will automatically free send the latest version to your mailbox.

In addition, we offer you free demo. Before you decide to buy our BraindumpsQA's 1z1-408 exam materials, you can try our free demo and download it. If it is useful to you, you can click the button 'add to cart' to finish your order.

1z1-408 Online Test Engine supports Windows / Mac / Android / iOS, etc., because it is the software based on WEB browser.

BraindumpsQA guarantees no help, full refund. If you fail the exam, you just need to send the scanning copy of your examination report card to us. After confirming, we will quickly give you FULL REFUND of your purchasing fees.

Easy and convenient way to buy: Just two steps to complete your purchase, we will send the 1z1-408 braindumps to your mailbox quickly, later you can check your email and download the attachment.

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) Accounting attributes
B) Mapping Sets
C) Event Entities
D) Event Classes
E) Transaction Objects

2. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
B) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
C) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
D) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.

3. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?

A) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
B) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
C) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
D) Additional intercompany rules will need to be defined for the two additional balancing segments.

4. 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 -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A) Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
B) Create your AutoPost criteria using minimal source and categories.
C) Schedule your AutoPost Criteria set to run during off-peak hours only
D) Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

5. 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 thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A) Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
B) All sub ledger transactions have been entered but do not have complete accounting.
C) Intercompany transactions have not been fully processed.
D) There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
E) Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

Solutions: