Oracle 1Z0-408 Online Practice Questions and Exam Preparation

Oracle 1Z0-408 Online Questions & Answers

• Question 51:

  Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

  A. Financial Reporting Center
  B. Oracle Transactional Business Intelligence (OTBI)
  C. Intelligence Publisher (BI Publish.
  D. Smart View
  E. Oracle Business Intelligence Applications (OBIA)
  A. Financial Reporting Center

• Question 52:

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

• Question 53:

  Journal approval uses Approvals Management Extension (AMX). Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

  A. Supervisory level based on HR Supervisors
  B. Job level
  C. Position
  D. Approval Group
  D. Approval Group

• Question 54:

  Which statement is true when creating an Implementation Project for Fusion Financials?

  A. Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
  B. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
  C. You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
  D. Plan your implementation project carefully because you cannot delete it or make changes later.
  E. The Implementation Project is preconfigured and cannot be deleted or changed.
  B. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.

• Question 55:

  What Is Oracle Essbase?

  A. A robust reporting and analysis tool
  B. A relational database
  C. A data ware house
  D. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
  B. A relational database

• Question 56:

  Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source. At what level can you override the default accounting attribute assignment?

  A. Event Type
  B. Journal Line Rule
  C. Event Class
  D. Journal Entry Rule Set
  E. Journal Entry
  E. Journal Entry

• Question 57:

  Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.

  What should you do to correct the problem?

  A. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
  B. Open the Manage Users page and make sure the employees at
  C. Open Access Policy Manager (APM) and assign the roles manually
  D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
  C. Open Access Policy Manager (APM) and assign the roles manually

• Question 58:

  You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What does Oracle consider best practice when this occurs?

  A. Translate only the adjusting journal entry.
  B. Rerun Revaluation and then rerun Translation
  C. Rerun Translation and then reconsolidate your result
  D. Enter another adjusting journal entry in the currency to true up the balances.
  D. Enter another adjusting journal entry in the currency to true up the balances.

• Question 59:

  On whichthree occasions are Essbase balances updated?

  A. Every time the tree version is published
  B. Every time journals are posted to the general ledger
  C. Every time you run the batch program called "Update Essbase Balances"
  D. At report run-time
  E. Every time you open a new period
  A. Every time the tree version is published
  B. Every time journals are posted to the general ledger
  D. At report run-time

• Question 60:

  You operate in a country whose unstable currency makes it unsuitable for managing your day-to- day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

  A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
  B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
  C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
  D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
  B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.