Oracle 1z1-408 real exam prep : Oracle Fusion Financials: General Ledger 2014 Essentials

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 02, 2025
  • Q&As: 76 Questions and Answers

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
B) You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
C) Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
D) Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.


2. Which repot show you differences between your subledger balances and General Ledger balances?

A) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
B) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
C) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
D) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers


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


4. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.

A) Both the intercompany and general ledger periods are open.
B) If they are different, then the exchange rate is missing between the intercompany and ledger currency.
C) The intercompany period is closed.
D) The intercompany transaction is not approved.
E) The corresponding Payables and Receivablesinvoicehave not been generated.


5. You want to specify Intercompany System Options.
Which three factors should you consider?

A) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
B) Whether to allow receivers to reject intercompany transactions
C) The approvers who will approve intercompany transactions
D) Automatic or manual batch numbering and the maximum transaction amount
E) Automatic or manual batch numbering and the minimum transaction amount


Solutions:

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

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