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Not sure FreeCram is right for your 1z0-408 preparation? Download the free Oracle Fusion Financials: General Ledger 2014 Essentials PDF demo and judge the quality of our 76 practice questions before you spend a cent.
Oracle 1z0-408 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials: General Ledger 2014 Essentials |
| Exam Number: | 1Z0-408 |
| Passing Score: | 66% |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333) |
| Exam Format: | Multiple Choice, Multiple Select |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 76 |
| Certificate Validity Period: | Valid until retired; certification does not expire |
| Exam Price: | $245 USD |
| Recommended Training: | Oracle Fusion Financials: General Ledger 2014 Implementation Training |
| Exam Registration: | Oracle University Pearson VUE |
| Sample Questions: | Oracle 1z0-408 Sample Questions |
| Exam Way: | Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-general-ledger-2014-essentials/pexam_1Z0-408 |
Oracle 1z0-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Analysis | 10% | - Account inspector and balance analysis - Trial balance and inquiry tools - Financial reporting using OTBI and Smart View |
| Topic 2: Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Period close and year-end processing - Translation and revaluation |
| Topic 3: Ledgers and Accounting Configurations | 20% | - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management - Currency and conversion rules |
| Topic 4: Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Value sets, segments, and qualifiers - Cross-validation rules and segment security |
| Topic 5: Intercompany and Balancing | 15% | - Intercompany reconciliation - Automatic balancing and elimination entries - Configuring intercompany accounts and rules |
| Topic 6: Journal Processing | 20% | - Creating, approving, and posting journals - Recurring, allocation, and reversal journals - Journal import and validation |
Common Questions About the Oracle 1z0-408 Exam
The 1z0-408 exam is the official exam behind the Oracle Fusion Financials: General Ledger 2014 Certified Implementation Specialist credential from Oracle. It sits at the Specialist / Intermediate level of the Oracle certification track. It is also associated with Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333). The FreeCram practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
The 1z0-408 exam contains 76 questions and gives you 120 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreeCram test engine a week before your exam date to check whether your pacing holds under pressure.
You need 66% to pass the 1z0-408 exam, and the official registration fee is $245 USD. A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed FreeCram practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.
No formal prerequisites; implementation experience recommended
Requirements can change, so confirm the latest details on the official Oracle exam page before you register.
You can book the 1z0-408 exam through the following official channels:
The exam is delivered Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers, so pick the option that suits you when booking.
Oracle points candidates to these official courses:
Once you have worked through the official material, wrap up your preparation with the 76 practice questions from FreeCram to lock in what you have learned.
Yes. A free 1z0-408 PDF demo is available, so you can check the question style and answer quality before you commit. Every purchase also includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.
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The 1z0-408 syllabus is divided into 6 domains, including Ledgers and Accounting Configurations (20%), Journal Processing (20%), and Reporting and Analysis (10%). The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
- A. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
- B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
- C. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
- D. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
Correct Answer: D 🗳️
Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).
Which two statements are true regarding the export/import of reports?
- A. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
- B. Reports on setup data can be used to compare and analyze how the data might have changed over time.
- C. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
- 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: A,E 🗳️
Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?
- A. Cross-Validation Rules
- B. Role-Based Access
- C. Segment Value Security
- D. Data Access Sets
Correct Answer: C 🗳️
Which two types of journals can be automatically routed through the journal approval process?
- A. Allocation journals
- B. Journals imported from third-party systems
- C. Sub ledger journals
- D. Manual journals
- E. Revaluation journals
Correct Answer: B,D 🗳️
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. Mapping Sets
- B. Accounting attributes
- C. Event Classes
- D. Transaction Objects
- E. Event Entities
Correct Answer: D 🗳️
Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).
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