1Z0-408 Online Practice Questions and Answers

Invoices received from a source system need to use a specific account based on 30 different expense

types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless

of the account type.

What is the solution?

A. Create two journal line rules with a condition of supplier type.

B. Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.

C. Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.

D. Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.

You want to define a tree or hierarchy for use in reports and allocations.

What three aspects should you remember when creating the tree?

A. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.

B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.

C. The tree should have at least two tree versions to reduce report and allocation maintenance.

D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).

E. It is fine to have the same child value roll up to two or more different parent values.

Which two types of journals can be automatically routed through the journal approval process?

A. Allocation journals

B. Revaluation journals

C. Manual journals

D. Sub ledger journals

E. Journals imported from third-party systems

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

A. Effectively manage an organization's financial business.

B. Consider implementing a single, global chart of accounts

C. Anticipate growth and maintenance needs as organizational changes occur.

D. Limit the number of segments to those you need today to reduce data entry.

E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application

B. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

C. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.

D. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly

E. Cloud customers can use both OTBI and OBIA.

Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.

What is Oracle's suggested best practice for doing this?

A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.

B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.

C. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.

D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A. The data is not transferred.

B. Data is summarized across segments that are not mapped to Hyperion Financial Management

C. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

D. The unmapped segments default to future use segments in Hyperion Financial Management

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.

What does Oracle consider the best practice approach to performing consolidations?

A. Use Oracle Hyperion Financial Management for this type of complex consolidation.

B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

C. Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.

D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.

Which two are prerequisites for creating subledger accounting entries?

A. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method

B. Populating supporting reference information in reference objects

C. Selecting source values from transaction objects

D. Creating subledger accounting events

E. Completing preaccounting validation