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

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: May 29, 2026   Q&As: 76 Questions and Answers
  • Q & A: 76 Questions and Answers

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
B) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
C) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
D) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.


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

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


3. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule's chartof accounts have no account values assigned
B) The Account Rule's conditions are not defined.
C) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
D) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.


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

A) A Data Access Set with full read/write access to the ledger is automatically created.
B) Verify the data roles created and assign them to the General Ledger users.
C) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
D) Open the ledger's period to begin entering transactions.


5. 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) The tree should have at least two tree versions to reduce report and allocation maintenance.
B) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
C) It is fine to have the same child value roll up to two or more different parent values.
D) 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.
E) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).


Solutions:

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

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