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 #17

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

B. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

C. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

D. Define two different charts of accounts.

Discussion 0

Correct Answer: B Vote an answer

Question #18

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. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

B. Data is summarized across segments that are not mapped to Hyperion Financial Management

C. The unmapped segments default to future use segments in Hyperion Financial Management

D. The data is not transferred.

Discussion 0

Correct Answer: A Vote an answer

Question #19

Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

A. Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.

B. Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.

C. Create two journal line rules with a condition of supplier type.

D. Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.

Discussion 0

Correct Answer: B Vote an answer

Question #20

You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.

C. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.

D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

Discussion 0

Correct Answer: B Vote an answer

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Question #21

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 close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?

A. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.

B. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.

C. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period

D. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.

Discussion 0

Correct Answer: B Vote an answer

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Question #22

You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

A. Run Closing Status reports.

B. Use Close Monitor in General Accounting Dashboard.

C. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.

D. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.

Discussion 0

Correct Answer: A Vote an answer

Question #23

Which two delivered ro.es can access the full functionality of Functional Setup Manager,

A. Application Implementation Manager

B. Functional Setup Manager Superuser

C. Application Implementation Consultant

D. IT Security Manager

E. Any functional user

Discussion 0

Correct Answer: A,C Vote an answer

Question #24

On whichthree occasions are Essbase balances updated?

A. Every time journals are posted to the general ledger

B. Every time the tree version is published

C. At report run-time

D. Every time you run the batch program called "Update Essbase Balances"

E. Every time you open a new period

Discussion 0

Correct Answer: A,B,C Vote an answer

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