Oracle Oracle Certifications 1Z0-408 Questions & Answers

• Question 61:

  You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.

  What type of report will provide this type of information?

  A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances

  B. Account Analysis Reports

  C. Journals Reports

  D. Aging Reports

  Correct Answer: C

• Question 62:

  Invoices received from a source system need to use a specific account based on 30 different expense

  types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless

  of the account type.

  What is the solution?

  A. Create two journal line rules with a condition of supplier type.

  B. Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.

  C. Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.

  D. Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.

  Correct Answer: C

• Question 63:

  You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

  A. Perform an account analysis online.

  B. Open a Smart View file saved on your desktop.

  C. Create an Account Group using Account Monitor.

  D. Use Account Inspector.

  Correct Answer: D

• Question 64:

  You lust submitted the Accounting Configuration. Which two statements are correct?

  A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

  B. A Data Access Set with full read/write access to the ledger is automatically created.

  C. Open the ledger's period to begin entering transactions.

  D. Verify the data roles created and assign them to the General Ledger users.

  Correct Answer: C

• Question 65:

  Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to

  originating transactions.

  Which three features facilitate this?

  A. Account Inspector

  B. Smart View

  C. Account Monitor

  D. Online Transactional Business Intelligence

  E. Financial Reports published to Excel

  Correct Answer: D

• Question 66:

  Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.

  What statement is correct with regard to setting this up?

  A. You must assign the corresponding Receivables and Payables Business Units.

  B. You only need to assign the Legal Entity and Organization Contact.

  C. You must perform additional setup steps for Fusion Payables and Fusion Receivables.

  D. You can only associate one Intercompany Organization per Legal Entity.

  Correct Answer: A

• Question 67:

  You customer is a financial Institution that needs to maintain overage daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

  A. ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.

  B. Average balances are stored for both subledger balances and general ledger balances.

  C. Average balances are stored in the Essbase cube.

  D. Average balances are maintained for both actual and budget balances.

  E. When using ADB, you must define a daily calendar and assign it to your ADB ledger.

  Correct Answer: AD

• Question 68:

  You want to define a tree or hierarchy for use in reports and allocations.

  What three aspects should you remember when creating the tree?

  A. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.

  B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.

  C. The tree should have at least two tree versions to reduce report and allocation maintenance.

  D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).

  E. It is fine to have the same child value roll up to two or more different parent values.

  Correct Answer: BDE

• Question 69:

  Which repot show you differences between your subledger balances and General Ledger balances?

  A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

  B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report

  C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report

  D. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers

  Correct Answer: C

• Question 70:

  You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

  A. Drill Through in Grid Properties

  B. Report Functions

  C. Nothing. All report balances are drillable in all FR Studio reports.

  D. Allow Expansion

  Correct Answer: D