Oracle 1Z0-408 Online Practice Questions and Exam Preparation

Oracle 1Z0-408 Online Questions & Answers

• Question 1:

  What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

  A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
  B. Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
  C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
  D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
  C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for

• Question 2:

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

  A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
  B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
  C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
  D. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
  C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report

• Question 3:

  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. Any functional user
  E. IT Security Manager
  B. Functional Setup Manager Superuser
  E. IT Security Manager

• Question 4:

  Your user forgot the password. How do you resolve this?

  A. Use the Manage Users page to update the user's information and change the password.
  B. Use Oracle Identity Management (OIM) to reset the user's password.
  C. Log in to the user's machine as an Administrator and change the password from the login pa
  D. Use Access Policy Manager (APM) to reset the user's password.
  E. Create a new user ID and password for the user.
  B. Use Oracle Identity Management (OIM) to reset the user's password.

• Question 5:

  Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.

  What is Oracle's suggested best practice for doing this?

  A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
  B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
  C. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
  D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
  C. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.

• Question 6:

  You want to prevent intercompany transactions from being entered during the last day of the close.

  What should you do?

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

• Question 7:

  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.
  C. Make sure the tree is active.

• Question 8:

  You lust submitted the Accounting Configuration. Which two statements are correct?

  A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
  B. A Data Access Set with full read/write access to the ledger is automatically created.
  C. Open the ledger's period to begin entering transactions.
  D. Verify the data roles created and assign them to the General Ledger users.
  C. Open the ledger's period to begin entering transactions.

• Question 9:

  What is the most efficient way to add a new year to the accounting calendar?

  A. Add the periods manually
  B. Use the Add Year button
  C. Import the periods from a spreadsheet
  D. The application automatically populates the next year when you open the first period a new fiscal year.
  D. The application automatically populates the next year when you open the first period a new fiscal year.

• Question 10:

  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.
  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.