1Z0-408 Online Practice Questions and Answers

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 two journal line rules with a condition of supplier type.

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

C. Create an Account Rule with two rule elements using one for expense type mapping and the other for the 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.

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

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

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

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

Which two types of journals can be automatically routed through the journal approval process?

A. Allocation journals

B. Revaluation journals

C. Manual journals

D. Sub ledger journals

E. Journals imported from third-party systems

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. Data Access Sets

B. Cross-Validation Rules

C. Segment Value Security

D. Role-Based Access

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. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

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

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

E. Cloud customers can use both OTBI and OBIA.

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.

What's the most efficient way to achieve this?

A. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.

B. When designing your financial statement using Financial Report (FR), embed a chart into your report

C. Use Account Inspector that automatically creates graphs on financial balances.

D. Use Smart View, which is and Excel Add-on

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. Transaction Objects

B. Event Entities

C. Mapping Sets

D. Accounting attributes

E. Event Classes

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 version was published successfully.

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

C. Make sure the tree is active.

D. Redeploy the chart of accounts.

After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.

Which feature does not belong on the list?

A. Application Development Framework Desktop Integration(ADFdi)

B. Account Inspector

C. Account Monitor

D. Smart View

Which two are prerequisites for creating subledger accounting entries?

A. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method

B. Populating supporting reference information in reference objects

C. Selecting source values from transaction objects

D. Creating subledger accounting events

E. Completing preaccounting validation