Oracle Fusion Financials: General Ledger 2014 Essentials : 1z1-408

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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

A) Freeze the Intercompany Journal source in General Ledger.
B) Close Intercompany periods in Fusion Intercompany.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Close all subledger periods.

3. 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) Segment Value Security
B) Role-Based Access
C) Data Access Sets
D) Cross-Validation Rules

4. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
B) Average balances are stored in the Essbase cube.
C) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
D) Average balances are stored for both subledger balances and general ledger balances.
E) Average balances are maintained for both actual and budget balances.

5. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A) RuleSets
B) Point of View (POV)
C) Run Time Prompts (RTP)
D) Formulas

Solutions: