Oracle 1z0-408 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-408
Exam Name/Title: Oracle Fusion Financials: General Ledger 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications

Exam Questions: 76
Updated On: Jul 14, 2026

Question #1

You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A. Open a Smart View file saved on your desktop.

B. Create an Account Group using Account Monitor.

C. Perform an account analysis online.

D. Use Account Inspector.

Discussion 0

Correct Answer: C Vote an answer

Question #2

Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A. You only need to assign the Legal Entity and Organization Contact.

B. You must perform additional setup steps for Fusion Payables and Fusion Receivables.

C. You can only associate one Intercompany Organization per Legal Entity.

D. You must assign the corresponding Receivables and Payables Business Units.

Discussion 0

Correct Answer: D Vote an answer

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Question #3

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A. Online Transactional Business Intelligence

B. Account Monitor

C. Financial Reports published to Excel

D. Smart View

E. Account Inspector

Discussion 0

Correct Answer: C Vote an answer

Question #4

When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A. Make sure the tree is active.

B. Redeploy the chart of accounts.

C. Make sure to flatten the rows of the tree version.

D. Make sure the tree version was published successfully.

Discussion 0

Correct Answer: B Vote an answer

Question #5

Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A. Journals Work Area

B. Period Close Work Area

C. General Accounting Dashboard

D. Financial Reporting Center

Discussion 0

Correct Answer: A,C Vote an answer

Question #6

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

A. Close all subledger periods.

B. Close Intercompany periods in Fusion Intercompany.

C. Close the General Ledger period in the Manage Accounting Periods page.

D. Freeze the Intercompany Journal source in General Ledger.

Discussion 0

Correct Answer: B Vote an answer

Question #7

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

A. Limit the number of segments to those you need today to reduce data entry.

B. Effectively manage an organization's financial business.

C. Try to use all 30 segments and 25 characters per segment because you cannot change It later.

D. Anticipate growth and maintenance needs as organizational changes occur.

E. Consider implementing a single, global chart of accounts

Discussion 0

Correct Answer: B,D,E Vote an answer

Question #8

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 process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.

B. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.

C. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.

D. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.

Discussion 0

Correct Answer: B Vote an answer

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