Oracle Fusion Financials: General Ledger 2014 Essentials: 1z0-408 Exam Premium File as PDF & Test Engine

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

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

2. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
B) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
C) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
D) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
E) Cloud customers can use both OTBI and OBIA.

3. All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?

A) Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
B) Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
C) Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
D) Use Oracle Hyperion Financial Management for this type of complex consolidation.

4. 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

5. 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 and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
B) 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) 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.
D) 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.

Solutions: