Oracle 1Z0-408 Online Practice Questions and Exam Preparation

Oracle 1Z0-408 Online Questions & Answers

• Question 21:

  Which two statements are true regarding how Intercompany Balancing Rule, are defied?

  A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
  B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
  C. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
  D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
  A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules

• Question 22:

  Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

  A. Journals Work Area
  B. Period Close Work Area
  C. Financial Reporting Center
  D. General Accounting Dashboard
  A. Journals Work Area
  D. General Accounting Dashboard

• Question 23:

  You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

  A. Perform an account analysis online.
  B. Open a Smart View file saved on your desktop.
  C. Create an Account Group using Account Monitor.
  D. Use Account Inspector.
  D. Use Account Inspector.

• Question 24:

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

• Question 25:

  Your customer is reconciling their Intercompany Receivables accounts.

  Which two reports should they use In addition to using the intercompany Reconciliation report?

  A. Receivables Aging by General Ledger Account report
  B. General I edger Trial Balance report
  C. Receivables to General Ledger Reconciliation report
  D. AR Aging report
  C. Receivables to General Ledger Reconciliation report

• Question 26:

  Your customer operates three shared services that perform accounting functions across 50 countries. What feature allows them to share setup data, such as Payment Terms, across Business Units?

  A. Reference Data Sets
  B. Business Units functions
  C. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
  D. Data Access Sets
  B. Business Units functions

• Question 27:

  Which two statements are true regarding the export/import of reports?

  A. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
  B. Reports on setup data can be used to compare and analyze how the data might have changed over time.
  C. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
  D. A set of reports lists user names, suppliers, and customers that have been exported/imported
  E. The export/import reports are available only for Fusion Customer Relationship Management.
  C. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
  E. The export/import reports are available only for Fusion Customer Relationship Management.

• Question 28:

  Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity. What should you recommend?

  A. Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
  B. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
  C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
  D. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
  C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.

• Question 29:

  You want to enter budget data in Fusion General Ledger. Which method is not supported?

  A. Smart View
  B. Application Development Framework Desktop Integration (ADFdi)
  C. File-based Data Import
  D. Entering budget Journals
  B. Application Development Framework Desktop Integration (ADFdi)

• Question 30:

  How do you hide accounts with no balances showing #Missing in Smart view?

  A. Select the Data/Missing check box in the Data Options tab.
  B. Use Excel functions to hide rows with #Missing assigned
  C. Choose the Suppress Zeros option under Data options.
  D. This indicates a database connection issue. Try to reconnect to Fusion Applications.
  A. Select the Data/Missing check box in the Data Options tab.