- Exam Code: 1z1-408
- Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
- Updated: Sep 09, 2026
- Q & A: 76 Questions and Answers
Oracle 1z1-408 Exam : Oracle Fusion Financials: General Ledger 2014 Essentials
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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Allocations and Period Close | - Period-End Processing
|
| Financial Reporting and Analysis | - Reporting Capabilities
|
| General Ledger Fundamentals | - General Ledger Overview
|
| Intercompany and Consolidation | - Advanced General Ledger Features
|
| Journal Processing | - Journal Management
|
| Enterprise Structure and Configuration | - Enterprise Setup
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Question #1
Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?
- A. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
- B. Open Access Policy Manager (APM) and assign the roles manually
- C. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
- D. Open the Manage Users page and make sure the employees at
Correct Answer: B 🗳️
Question #2
Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?
- A. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
- B. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
- C. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
- D. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
Correct Answer: B 🗳️
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Question #3
On whichthree occasions are Essbase balances updated?
- A. At report run-time
- B. Every time you open a new period
- C. Every time the tree version is published
- D. Every time journals are posted to the general ledger
- E. Every time you run the batch program called "Update Essbase Balances"
Correct Answer: A,C,D 🗳️
Question #4
What Is Oracle Essbase?
- A. A data ware house
- B. A relational database
- C. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
- D. A robust reporting and analysis tool
Correct Answer: B 🗳️
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Question #5
You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?
- A. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
- B. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
- C. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
- D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
Correct Answer: D 🗳️
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