Oracle 1Z0-408 Online Practice Questions and Exam Preparation

Oracle 1Z0-408 Online Questions & Answers

• Question 31:

  You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment. What does Oracle consider as best practice to define this chart or accounts?

  A. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
  B. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
  C. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
  D. Define two different charts of accounts.
  B. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

• Question 32:

  Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.

  When should you reverse revaluation journals, if at all required?

  A. Reverse them in the same period as the revaluation run.
  B. Both balance sheet and income statement revaluation journals should be reversed in the period.
  C. Never, because each period's revaluation adjustment is just for that period.
  D. The reversals must be done at the end of each quarter.
  B. Both balance sheet and income statement revaluation journals should be reversed in the period.

• Question 33:

  Identify three functions of Functional Setup Manager.

  A. Provide a central place to access and perform all of the setup steps across Fusion application product
  B. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
  C. Automatically mark the status of tasks as Completed after they have been completed.
  D. Assign setup tasks to individuals with due dates where users must manually update their completion status.
  E. Centrally manage the close processes across subledgers and ledgers.
  A. Provide a central place to access and perform all of the setup steps across Fusion application product
  B. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
  E. Centrally manage the close processes across subledgers and ledgers.

• Question 34:

  You want to process multiple allocations at the same time. What feature do you use?

  A. RuleSets
  B. Point of View (POV)
  C. Formulas
  D. General Ledger Journal entries
  D. General Ledger Journal entries

• Question 35:

  You defined a tree or hierarchy, but you are unable to set its status to Active.

  What is the reason?

  A. Chart of accounts was not deployed.
  B. Accounting Configuration was not submitted-
  C. An Audit process needs to be successfully performed before a tree version can be set to Active.
  D. Two tree versions were not defined
  D. Two tree versions were not defined

• Question 36:

  Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

  A. Detach the table to resize it to the maximum size of the monitor
  B. Export the table to Excel.
  C. Run a Business Intelligence Publisher report with Excel as the output format.
  D. Use the Freeze feature on the tables to scroll through large amounts of data.
  A. Detach the table to resize it to the maximum size of the monitor
  C. Run a Business Intelligence Publisher report with Excel as the output format.

• Question 37:

  You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.

  How do you accomplish this?

  A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
  B. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
  C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
  D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
  C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.

• Question 38:

  You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

  A. Drill Through in Grid Properties
  B. Report Functions
  C. Nothing. All report balances are drillable in all FR Studio reports.
  D. Allow Expansion
  D. Allow Expansion

• Question 39:

  What's the difference between subject areas that append the word "Real Time" and those that do not?

  A. There is no difference.
  B. The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
  C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.
  D. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
  C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

• Question 40:

  You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -of- balance situation between your sub ledgers and general ledger.

  Which two aspects should you consider when defining your AutoPost Criteria?

  A. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
  B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
  C. Create your AutoPost criteria using minimal source and categories.
  D. Schedule your AutoPost Criteria set to run during off-peak hours only
  A. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.