1Z0-408 Online Practice Questions and Answers

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. Event Type

B. Journal Line Rule

C. Event Class

D. Journal Entry Rule Set

E. Journal Entry

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.

What does Oracle consider best practice when this occurs?

A. Translate only the adjusting journal entry.

B. Rerun Revaluation and then rerun Translation

C. Rerun Translation and then reconsolidate your result

D. Enter another adjusting journal entry in the currency to true up the balances.

Your customer has only licensed Fusion Financials and wants to use approval workflows. Using which page to enter users and assign roles does Oracle consider best practice?

A. Manage Users

B. Hire a New Ernployee

C. Oracle Identity Management (OIM)

D. Policy Manager (APM)

E. Financials not a stand-alone product

On whichthree occasions are Essbase balances updated?

A. Every time the tree version is published

B. Every time journals are posted to the general ledger

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

D. At report run-time

E. Every time you open a new period

What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

B. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.

C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

D. Posting performance is much faster.

E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A. Detach the table to resize it to the maximum size of the monitor

B. Export the table to Excel.

C. Run a Business Intelligence Publisher report with Excel as the output format.

D. Use the Freeze feature on the tables to scroll through large amounts of data.

You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A. Oracle Identity Manager Roles Assignment

B. Access Policy Manager's Role Generation

C. Role Mappings

D. Data Roles

E. You cannot reassign contingent workers.

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.

What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A. Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively

B. Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.

C. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

D. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

Journal approval uses Approvals Management Extension (AMX). Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

A. Supervisory level based on HR Supervisors

B. Job level

C. Position

D. Approval Group

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 real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

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