Oracle Oracle Certifications 1Z0-408 Questions & Answers

• Question 31:

  On whichthree occasions are Essbase balances updated?

  A. Every time the tree version is published

  B. Every time journals are posted to the general ledger

  C. Every time you run the batch program called "Update Essbase Balances"

  D. At report run-time

  E. Every time you open a new period

  Correct Answer: ABD

• Question 32:

  Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

  A. Financial Reporting Center

  B. Oracle Transactional Business Intelligence (OTBI)

  C. Intelligence Publisher (BI Publish.

  D. Smart View

  E. Oracle Business Intelligence Applications (OBIA)

  Correct Answer: A

• Question 33:

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

  A. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application

  B. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

  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.

  Correct Answer: BCD

• Question 34:

  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 a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.

  B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.

  C. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.

  D. 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.

  Correct Answer: C

• Question 35:

  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

• Question 36:

  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

  Correct Answer: C

• Question 37:

  Identify three functions of Functional Setup Manager.

  A. Provide a central place to access and perform all of the setup steps across Fusion application product

  B. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

  C. Automatically mark the status of tasks as Completed after they have been completed.

  D. Assign setup tasks to individuals with due dates where users must manually update their completion status.

  E. Centrally manage the close processes across subledgers and ledgers.

  Correct Answer: ABE

• Question 38:

  Your user forgot the password. How do you resolve this?

  A. Use the Manage Users page to update the user's information and change the password.

  B. Use Oracle Identity Management (OIM) to reset the user's password.

  C. Log in to the user's machine as an Administrator and change the password from the login pa

  D. Use Access Policy Manager (APM) to reset the user's password.

  E. Create a new user ID and password for the user.

  Correct Answer: B

• Question 39:

  Your customer has only licensed Fusion Financials and wants to use approval workflows. Using which page to enter users and assign roles does Oracle consider best practice?

  A. Manage Users

  B. Hire a New Ernployee

  C. Oracle Identity Management (OIM)

  D. Policy Manager (APM)

  E. Financials not a stand-alone product

  Correct Answer: C

• Question 40:

  What is the most efficient way to add a new year to the accounting calendar?

  A. Add the periods manually

  B. Use the Add Year button

  C. Import the periods from a spreadsheet

  D. The application automatically populates the next year when you open the first period a new fiscal year.

  Correct Answer: D