Download Oracle : 1z1-408 Questions & Answers as PDF & Test Software
Updated: Jun 03, 2026
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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?
A) Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
B) There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
C) Intercompany transactions have not been fully processed.
D) Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
E) All sub ledger transactions have been entered but do not have complete accounting.
2. 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) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
B) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
C) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
D) Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
3. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?
A) Average balances are maintained for both actual and budget balances.
B) Average balances are stored in the Essbase cube.
C) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
D) Average balances are stored for both subledger balances and general ledger balances.
E) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
4. 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) Redeploy the chart of accounts.
C) Make sure to flatten the rows of the tree version.
D) Make sure the tree is active.
5. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A) Journal Source
B) Journal Batch
C) Journal Description
D) Journal Category
Solutions:
| Question # 1 Answer: A,C,D | Question # 2 Answer: B | Question # 3 Answer: A,E | Question # 4 Answer: B | Question # 5 Answer: B |
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