Oracle 1z0-408 Q&A - in .pdf

  • 1z0-408 pdf
  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 02, 2025
  • Q & A: 76 Questions and Answers
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  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
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  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to process multiple allocations at the same time. What feature do you use?

A) Point of View (POV)
B) RuleSets
C) Formulas
D) General Ledger Journal entries


2. 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) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
B) 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.
C) 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.
D) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.


3. What type of user must be defined before you can create an Implementation Project?

A) Implementation Users
B) None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
C) A full-time employee that has the FSM Superuser role assigned
D) None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
E) All roles that will be used throughout the implementation


4. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
B) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.


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


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: E
Question # 4
Answer: A
Question # 5
Answer: B

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