1Z0-408 Online Practice Questions and Answers

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. Drill Through in Grid Properties

B. Report Functions

C. Nothing. All report balances are drillable in all FR Studio reports.

D. Allow Expansion

You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -of- balance situation between your sub ledgers and general ledger.

Which two aspects should you consider when defining your AutoPost Criteria?

A. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.

B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

C. Create your AutoPost criteria using minimal source and categories.

D. Schedule your AutoPost Criteria set to run during off-peak hours only

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. All sub ledger transactions have been entered but do not have complete accounting.

B. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

C. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

D. Intercompany transactions have not been fully processed.

E. Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet

Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/ losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

A. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

B. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

D. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

A. Financial Reporting Center

B. Oracle Transactional Business Intelligence (OTBI)

C. Intelligence Publisher (BI Publish.

D. Smart View

E. Oracle Business Intelligence Applications (OBIA)

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

You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.

Which two statements are correct?

A. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

B. You can create a rule for all sources and categories by selecting the source "Other" and the category

"Other."

C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.

What's the difference between subject areas that append the word "Real Time" and those that do not?

A. There is no difference.

B. The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.

C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

D. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.

What type of user must be defined before you can create an Implementation Project?

A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.

B. A full-time employee that has the FSM Superuser role assigned

C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.

D. Implementation Users

E. All roles that will be used throughout the implementation