Oracle Oracle Certifications 1Z0-408 Questions & Answers

• Question 21:

  You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.

  What does Oracle consider as best practice to define this chart or accounts?

  A. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

  B. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

  C. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

  D. Define two different charts of accounts.

  Correct Answer: B

• Question 22:

  Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.

  Which two recommendations would you give your customer?

  A. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.

  B. Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.

  C. Additional intercompany rules will need to be defined for the two additional balancing segments.

  D. Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.

  Correct Answer: AD

• Question 23:

  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. Detach the table to resize it to the maximum size of the monitor

  B. Export the table to Excel.

  C. Run a Business Intelligence Publisher report with Excel as the output format.

  D. Use the Freeze feature on the tables to scroll through large amounts of data.

  Correct Answer: AC

• Question 24:

  Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

  A. Journals Work Area

  B. Period Close Work Area

  C. Financial Reporting Center

  D. General Accounting Dashboard

  Correct Answer: AD

• Question 25:

  You need to define multiple allocation rules as efficiently as possible.

  Which three components can be reused across allocation rules?

  A. Point of View (POV)

  B. Run Time Prompts (RTP)

  C. Formulas

  D. RuleSets

  Correct Answer: BCD

• Question 26:

  You need to integrate Fusion Accounting Hub with external source systems used for Billing.

  Identity the step that is not correct when implementing this integration.

  A. Analyze external system transactions.

  B. Capture accounting events.

  C. Determine the accounting impact of transactions.

  D. Create the accounting in the source system and then import the journal entries into subledger accounting.

  Correct Answer: D

• Question 27:

  Which two delivered ro.es can access the full functionality of Functional Setup Manager,

  A. Application Implementation Manager

  B. Functional Setup Manager Superuser

  C. Application Implementation Consultant

  D. Any functional user

  E. IT Security Manager

  Correct Answer: BE

• Question 28:

  The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.

  Which journal attribute should you use to set the automatic posting criteria?

  A. Journal Category

  B. Journal Source

  C. Journal Batch

  D. Journal Description

  Correct Answer: C

• Question 29:

  What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

  A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

  B. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.

  C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

  D. Posting performance is much faster.

  E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

  Correct Answer: BE

• Question 30:

  You operate in a country whose unstable currency makes it unsuitable for managing your day-to- day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

  A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.

  B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.

  C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

  D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

  Correct Answer: B