Oracle Fusion Financials: General Ledger 2014 Essentials - 1z1-408 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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 Access Policy Manager (APM) to reset the user's password. C. Create a new user ID and password for the user. D. Use Oracle Identity Management (OIM) to reset the user's password. E. Log in to the user's machine as an Administrator and change the password from the login pa

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 2

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. Use Account Inspector. C. Open a Smart View file saved on your desktop. D. Create an Account Group using Account Monitor.

Discussion 0

Correct Answer: A Vote an answer

Question 3

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management. B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period. C. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period. D. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.

Discussion 0

Correct Answer: A Vote an answer

Question 4

You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A. Data Roles B. Role Mappings C. Oracle Identity Manager Roles Assignment D. Access Policy Manager's Role Generation E. You cannot reassign contingent workers.

Discussion 0

Correct Answer: B Vote an answer

Question 5

Which two are prerequisites for creating subledger accounting entries?

A. Populating supporting reference information in reference objects B. Creating subledger accounting events C. Selecting source values from transaction objects D. Completing preaccounting validation E. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method

Discussion 0

Correct Answer: A,D Vote an answer

Question 6

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A. Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively B. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively. C. Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively. D. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

Discussion 0

Correct Answer: B Vote an answer

Question 7

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

A. The reversals must be done at the end of each quarter. B. Reverse them in the same period as the revaluation run. C. Both balance sheet and income statement revaluation journals should be reversed in the period. D. Never, because each period's revaluation adjustment is just for that period.

Discussion 0

Correct Answer: C Vote an answer

Question 8

On whichthree occasions are Essbase balances updated?

A. Every time journals are posted to the general ledger B. Every time the tree version is published C. Every time you open a new period D. At report run-time E. Every time you run the batch program called "Update Essbase Balances"

Discussion 0

Correct Answer: A,B,D Vote an answer