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 #33

Which repot show you differences between your subledger balances and General Ledger balances?

A. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report

B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report

C. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

D. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers

Discussion 0

Correct Answer: A Vote an answer

Question #34

Identify three functions of Functional Setup Manager.

A. Centrally manage the close processes across subledgers and ledgers.

B. Assign setup tasks to individuals with due dates where users must manually update their completion status.

C. Automatically mark the status of tasks as Completed after they have been completed.

D. Provide a central place to access and perform all of the setup steps across Fusion application product

E. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

Discussion 0

Correct Answer: A,D,E Vote an answer

Question #35

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 Business Units?

A. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.

B. Data Access Sets

C. Reference Data Sets

D. Business Units functions

Discussion 0

Correct Answer: D Vote an answer

Question #36

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. Drill Through in Grid Properties

B. Report Functions

C. Allow Expansion

D. Nothing. All report balances are drillable in all FR Studio reports.

Discussion 0

Correct Answer: C Vote an answer

Question #37

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

A. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application

B. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly

C. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.

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.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #38

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?

A. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.

B. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.

C. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.

D. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.

E. In Fusion Financials, you must manually reconcile your intercompany account balances.

Discussion 0

Correct Answer: D Vote an answer

Question #39

What's the difference between subject areas that append the word "Real Time" and those that do not?

A. There is no difference.

B. The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.

C. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.

D. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

Discussion 0

Correct Answer: B Vote an answer

Question #40

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 type of security?

A. Role-Based Access

B. Segment Value Security

C. Data Access Sets

D. Cross-Validation Rules

Discussion 0

Correct Answer: B Vote an answer

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