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Oracle Fusion Financials: General Ledger 2014 Essentials : 1z1-408

1z1-408 Exam Simulator
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Jun 09, 2026
  • Q & A: 76 Questions and Answers
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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close all subledger periods.
B) Freeze the Intercompany Journal source in General Ledger.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Close Intercompany periods in Fusion Intercompany.


2. 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) Financial Reports published to Excel
C) Smart View
D) Account Monitor
E) Online Transactional Business Intelligence


3. 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) Account Analysis Reports
B) Journals Reports
C) Aging Reports
D) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances


4. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
B) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
C) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
D) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules


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

A) Create an Account Group using Account Monitor.
B) Perform an account analysis online.
C) Open a Smart View file saved on your desktop.
D) Use Account Inspector.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: B

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