Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle Fusion Financials: General Ledger 2014 Essentials: 1z1-408 Exam Premium File as PDF & Test Engine
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Last Updated: Sep 27, 2026
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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting and Analysis | 10% | - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools - Account inspector and balance analysis |
| Consolidation and Close Process | 15% | - Translation and revaluation - Period close and year-end processing - Consolidation methods and eliminations |
| Ledgers and Accounting Configurations | 20% | - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management |
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Cross-validation rules and segment security - Value sets, segments, and qualifiers |
| Journal Processing | 20% | - Creating, approving, and posting journals - Recurring, allocation, and reversal journals - Journal import and validation |
| Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Intercompany reconciliation - Configuring intercompany accounts and rules |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
What type of user must be defined before you can create an Implementation Project?
- A. A full-time employee that has the FSM Superuser role assigned
- B. Implementation Users
- C. All roles that will be used throughout the implementation
- D. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
- E. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
Correct Answer: C 🗳️
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. Use the Freeze feature on the tables to scroll through large amounts of data.
- B. 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.
- D. Export the table to Excel.
Correct Answer: B,D 🗳️
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
Correct Answer: D 🗳️
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?
- A. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
- B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
- C. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
- D. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
Correct Answer: A 🗳️
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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.
Correct Answer: D 🗳️
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