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

1z0-408
  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Jun 03, 2026
  • Q & A: 76 Questions and Answers

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which two are prerequisites for creating subledger accounting entries?

A) Selecting source values from transaction objects
B) Creating subledger accounting events
C) Populating supporting reference information in reference objects
D) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
E) Completing preaccounting validation


2. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A) Use Account Inspector that automatically creates graphs on financial balances.
B) When designing your financial statement using Financial Report (FR), embed a chart into your report
C) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
D) Use Smart View, which is and Excel Add-on


3. You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

A) Nothing. All report balances are drillable in all FR Studio reports.
B) Report Functions
C) Allow Expansion
D) Drill Through in Grid Properties


4. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
B) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
C) Posting performance is much faster.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
E) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.


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


Solutions:

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

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