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Oracle 1z1-408 Exam Braindumps - in .pdf Free Demo

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • , Last Updated: Jun 01, 2026
  • Q & A: 76 Questions and Answers
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  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • , Last Updated: Jun 01, 2026
  • Q & A: 76 Questions and Answers
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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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


2. 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) Use Smart View, which is and Excel Add-on
B) Use Account Inspector that automatically creates graphs on financial balances.
C) When designing your financial statement using Financial Report (FR), embed a chart into your report
D) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.


3. 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) 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.
C) 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.
D) 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.


4. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
D) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.


5. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Transaction Objects
B) Accounting attributes
C) Mapping Sets
D) Event Classes
E) Event Entities


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: D
Question # 5
Answer: A

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