• Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Applications
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1z1-408
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Oct 13, 2026
  • No. of Questions: 76 Questions and Answers
  • Download Limit: Unlimited

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Oracle 1z1-408 Exam Syllabus Topics:

SectionWeightObjectives
Chart of Accounts20%- Designing and configuring chart of accounts structure
- Cross-validation rules and segment security
- Value sets, segments, and qualifiers
Reporting and Analysis10%- Financial reporting using OTBI and Smart View
- Trial balance and inquiry tools
- Account inspector and balance analysis
Journal Processing20%- Recurring, allocation, and reversal journals
- Creating, approving, and posting journals
- Journal import and validation
Consolidation and Close Process15%- Consolidation methods and eliminations
- Translation and revaluation
- Period close and year-end processing
Ledgers and Accounting Configurations20%- Currency and conversion rules
- Defining ledgers, ledger sets, and reporting currencies
- Accounting calendars and period management
Intercompany and Balancing15%- Automatic balancing and elimination entries
- Configuring intercompany accounts and rules
- Intercompany reconciliation

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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. Open Access Policy Manager (APM) and assign the roles manually
  • B. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
  • 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
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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 corresponding Payables and Receivablesinvoicehave not been generated.
  • D. The intercompany period is closed.
  • E. The intercompany transaction is not approved.
Reveal Solution  Discussion  0

Correct Answer: B,C,E  🗳️

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

  • A. The Account Rule's chartof accounts have no account values assigned
  • B. The Account Rule's conditions are not defined.
  • C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
  • D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

  • A. Use the "Hire an Employee" user interfaceto inter each user manually.
  • B. Use SQL to populate the HR interface tables and load employees in bulk.
  • C. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
  • D. Use the "Enter a Supplier" user interface to enter each user manually.
  • E. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

  • A. Both balance sheet and income statement revaluation journals should be reversed in the period.
  • B. Never, because each period's revaluation adjustment is just for that period.
  • C. Reverse them in the same period as the revaluation run.
  • D. The reversals must be done at the end of each quarter.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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