Oracle Oracle Certifications 1Z0-408 Questions & Answers

• Question 11:

  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 Oracle Hyperion Financial Management for this type of complex consolidation.

  B. 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.

  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. 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.

  Correct Answer: A

• Question 12:

  You want to specify Intercompany System Options.

  Which three factors should you consider?

  A. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

  B. Whether to allow receivers to reject intercompany transactions

  C. Automatic or manual batch numbering and the minimum transaction amount

  D. Automatic or manual batch numbering and the maximum transaction amount

  E. The approvers who will approve intercompany transactions

  Correct Answer: ABD

• Question 13:

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

  B. 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.

  C. 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.

  D. 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.

  Correct Answer: B

• Question 14:

  You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.

  How do you accomplish this?

  A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint

  B. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint

  C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.

  D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.

  Correct Answer: C

• Question 15:

  Your customer is having issues transferring intercompany transactions to General Ledger..

  Identify three reasons for this.

  A. The intercompany transaction is not approved.

  B. The corresponding Payables and Receivablesinvoicehave not been generated.

  C. If they are different, then the exchange rate is missing between the intercompany and ledger currency.

  D. The intercompany period is closed.

  E. Both the intercompany and general ledger periods are open.

  Correct Answer: BCE

• Question 16:

  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.

  Correct Answer: C

• Question 17:

  You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

  A. Oracle Identity Manager Roles Assignment

  B. Access Policy Manager's Role Generation

  C. Role Mappings

  D. Data Roles

  E. You cannot reassign contingent workers.

  Correct Answer: A

• Question 18:

  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. Event Entities

  C. Mapping Sets

  D. Accounting attributes

  E. Event Classes

  Correct Answer: A

• Question 19:

  Which two statements are true regarding the export/import of reports?

  A. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

  B. Reports on setup data can be used to compare and analyze how the data might have changed over time.

  C. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.

  D. A set of reports lists user names, suppliers, and customers that have been exported/imported

  E. The export/import reports are available only for Fusion Customer Relationship Management.

  Correct Answer: CE

• Question 20:

  You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.

  Which two statements are correct?

  A. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

  B. You can create a rule for all sources and categories by selecting the source "Other" and the category

  "Other."

  C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

  D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.

  Correct Answer: BC