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

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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. On whichthree occasions are Essbase balances updated?

A) Every time journals are posted to the general ledger
B) Every time you open a new period
C) Every time you run the batch program called "Update Essbase Balances"
D) Every time the tree version is published
E) At report run-time

2. 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) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
C) 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.
D) Posting performance is much faster.
E) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

3. Which three objectives must be considered when designing the chart of accounts?

A) Try to use all 30 segments and 25 characters per segment because you cannot change It later.
B) Anticipate growth and maintenance needs as organizational changes occur.
C) Limit the number of segments to those you need today to reduce data entry.
D) Consider implementing a single, global chart of accounts
E) Effectively manage an organization's financial business.

4. 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) Smart View
B) Oracle Business Intelligence Applications (OBIA)
C) Intelligence Publisher (BI Publish.
D) Oracle Transactional Business Intelligence (OTBI)
E) Financial Reporting Center

5. What Is Oracle Essbase?

A) A data ware house
B) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
C) A relational database
D) A robust reporting and analysis tool

Solutions: