1Z0-408 Online Practice Questions and Answers

Your customer is reconciling their Intercompany Receivables accounts.

Which two reports should they use In addition to using the intercompany Reconciliation report?

A. Receivables Aging by General Ledger Account report

B. General I edger Trial Balance report

C. Receivables to General Ledger Reconciliation report

D. AR Aging report

You want to monitor the dose process of all your financial subledgers and ledgers.

How can you quickly obtain this information?

A. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.

B. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.

C. Use Close Monitor in General Accounting Dashboard.

D. Run Closing Status reports.

You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A. Use SQL to populate the HR interface tables and load employees in bulk.

B. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.

C. Use the "Hire an Employee" user interfaceto inter each user manually.

D. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.

E. Use the "Enter a Supplier" user interface to enter each user manually.

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

A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules

B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.

C. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.

What should be implemented for this type of security?

A. Data Access Sets

B. Cross-Validation Rules

C. Segment Value Security

D. Role-Based Access

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. Oracle Identity Manager Roles Assignment

B. Access Policy Manager's Role Generation

C. Role Mappings

D. Data Roles

E. You cannot reassign contingent workers.

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A. Transaction Objects

B. Event Entities

C. Mapping Sets

D. Accounting attributes

E. Event Classes

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 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.

C. 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.

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.

You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.

How do you accomplish this?

A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint

B. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint

C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.

D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.

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

A. Delete the journal and create a new journal.

B. Update the journal through workflow

C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.

D. Reverse the journaland create a new one.