Oracle 1Z0-408 Online Practice Questions and Exam Preparation

Oracle 1Z0-408 Online Questions & Answers

• Question 11:

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

• Question 12:

  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. 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.
  B. Average balances are stored for both subledger balances and general ledger balances.
  C. Average balances are stored in the Essbase cube.
  D. Average balances are maintained for both actual and budget balances.
  E. When using ADB, you must define a daily calendar and assign it to your ADB ledger.
  A. 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 maintained for both actual and budget balances.

• Question 13:

  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.
  A. Oracle Identity Manager Roles Assignment

• Question 14:

  You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree?

  A. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
  B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
  C. The tree should have at least two tree versions to reduce report and allocation maintenance.
  D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
  E. It is fine to have the same child value roll up to two or more different parent values.
  B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
  D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
  E. It is fine to have the same child value roll up to two or more different parent values.

• Question 15:

  You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors. In which three ways do you accomplish this?

  A. Using Workspace, assemble multiple reports into a book.
  B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
  C. Users can drill down on snapshot reports for future analysis.
  D. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
  E. Snapshot reports can only be viewed online.
  A. Using Workspace, assemble multiple reports into a book.
  C. Users can drill down on snapshot reports for future analysis.
  D. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.

• Question 16:

  You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identity the step that is not correct when implementing this integration.

  A. Analyze external system transactions.
  B. Capture accounting events.
  C. Determine the accounting impact of transactions.
  D. Create the accounting in the source system and then import the journal entries into subledger accounting.
  D. Create the accounting in the source system and then import the journal entries into subledger accounting.

• Question 17:

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

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

• Question 18:

  Which three objectives must be considered when designing the chart of accounts?

  A. Effectively manage an organization's financial business.
  B. Consider implementing a single, global chart of accounts
  C. Anticipate growth and maintenance needs as organizational changes occur.
  D. Limit the number of segments to those you need today to reduce data entry.
  E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
  B. Consider implementing a single, global chart of accounts
  C. Anticipate growth and maintenance needs as organizational changes occur.
  E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.

• Question 19:

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

• Question 20:

  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. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
  B. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
  C. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
  D. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
  C. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.