1z1-408 by Oracle Actual Free Exam Questions And Answers

Question 1

What Is Oracle Essbase?

A. A relational database

B. A robust reporting and analysis tool

C. A data ware house

D. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger

Discussion 0

Correct Answer: A Vote an answer

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Question 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. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.

B. When designing your financial statement using Financial Report (FR), embed a chart into your report

C. Use Account Inspector that automatically creates graphs on financial balances.

D. Use Smart View, which is and Excel Add-on

Discussion 0

Correct Answer: C Vote an answer

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Question 3

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 Access Policy Manager (APM) and assign the roles manually

B. Open the Oracle Identity Management (OIM) and make sure the data roles were created.

C. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.

D. Open the Manage Users page and make sure the employees at

Discussion 0

Correct Answer: A Vote an answer

Question 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

Discussion 0

Correct Answer: D Vote an answer

Question 5

Your company has complex consolidation requirements with multiple general ledger instances.
You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A. The unmapped segments default to future use segments in Hyperion Financial Management

B. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

C. Data is summarized across segments that are not mapped to Hyperion Financial Management

D. The data is not transferred.

Discussion 0

Correct Answer: B Vote an answer

Question 6

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

A. Application Development Framework Desktop Integration (ADFdi)

B. Entering budget Journals

C. Smart View

D. File-based Data Import

Discussion 0

Correct Answer: B Vote an answer

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Question 7

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

B. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

C. Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.

D. Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively

Discussion 0

Correct Answer: B Vote an answer

Question 8

Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

A. Financial Reports with Embedded charts

B. Account Monitor

C. Account Inspector and its charts

D. Smart View

Discussion 0

Correct Answer: D Vote an answer

Oracle Fusion Financials: General Ledger 2014 Essentials - 1z1-408 Exam Practice Test

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