Oracle 1z0-408 : Oracle Fusion Financials: General Ledger 2014 Essentials

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What Is Oracle Essbase?

A) A data ware house
B) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
C) A relational database
D) A robust reporting and analysis tool

2. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A) Make sure the tree version was published successfully.
B) Make sure the tree is active.
C) Make sure to flatten the rows of the tree version.
D) Redeploy the chart of accounts.

3. You want to specify Intercompany System Options.
Which three factors should you consider?

A) The approvers who will approve intercompany transactions
B) Whether to allow receivers to reject intercompany transactions
C) Automatic or manual batch numbering and the maximum transaction amount
D) Automatic or manual batch numbering and the minimum transaction amount
E) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

4. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A) Translate only the adjusting journal entry.
B) Rerun Revaluation and then rerun Translation
C) Enter another adjusting journal entry in the currency to true up the balances.
D) Rerun Translation and then reconsolidate your result

5. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Update the journal through workflow
B) Click the Withdraw Approval button in the Edit Journals page and edit the journal.
C) Delete the journal and create a new journal.
D) Reverse the journaland create a new one.

Solutions: