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

Pass 1z1-408 Exam Cram

Exam Code: 1z1-408

Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials

Updated: Sep 21, 2026

Q & A: 76 Questions and Answers

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Oracle 1z1-408 Exam Overview:
Certification Vendor:Oracle
Exam Name:Oracle Fusion Financials: General Ledger 2014 Essentials
Exam Number:1Z0-408
Exam Format:Multiple Choice, Multiple Response
Real Exam Qty:60-70
Exam Duration:120 minutes
Related Certifications:Oracle Fusion Financials Cloud Certification
Exam Price:$245 USD (may vary by region)
Available Languages:English
Certificate Validity Period:Oracle certification policy dependent (historically non-expiring or subject to Oracle policy updates)
Recommended Training:Oracle University - Fusion Financials Training
Exam Registration:Oracle Certification Registration
Pearson VUE Oracle Exams
Sample Questions:Free Download Pass 1z1-408 Exam Cram
Exam Way:Computer-based exam delivered via Pearson VUE (online proctored or test center)
Pre Condition:Basic understanding of accounting principles and Oracle Fusion Financials fundamentals recommended.
Official Syllabus URL:https://education.oracle.com
Oracle 1z1-408 Exam Syllabus Topics:
SectionObjectives
Topic 1: Period Close Process- Close Activities
  • 1. Period close checklist
    • 2. Adjustments and reconciliations
      Topic 2: General Ledger Configuration- Chart of Accounts Structure
      • 1. Value sets and account segments
        • 2. Account hierarchies
          - Ledger Setup
          • 1. Accounting calendar setup
            • 2. Ledger definition and configuration
              Topic 3: Accounting and Subledger Integration- Subledger Accounting
              • 1. Journal import from subledgers
                • 2. Accounting rules
                  Topic 4: Journal Processing- Journal Entries
                  • 1. Recurring journals
                    • 2. Manual journal creation
                      - Journal Approval and Posting
                      • 1. Approval workflows
                        • 2. Posting processes
                          Topic 5: Financial Reporting- Reporting Tools
                          • 1. Smart View / reporting frameworks
                            • 2. Financial statements generation

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                              The 1z1-408 exam is the official assessment for the Oracle Fusion Financials: General Ledger 2014 Essentials certification from Oracle. Across the wide landscape of IT certifications, this credential verifies that you can apply its published objectives in realistic scenarios — and since most candidates aim to succeed in one focused attempt, the quality of your practice material is the variable that matters most.

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                              Basic understanding of accounting principles and Oracle Fusion Financials fundamentals recommended.

                              Oracle offers these training resources for candidates:

                              Pair official training with a practice bank compiled by an expert team, and your preparation covers both understanding and application.

                              The official outline organizes the 1z1-408 exam into weighted domains, including:

                              • Accounting and Subledger Integration ()
                              • General Ledger Configuration ()
                              • Period Close Process ()

                              The Oracle Fusion Financials: General Ledger 2014 Essentials practice questions at Pass4cram are built around these same objectives — request the free demo by email to see how the content maps onto them.

                              The 1z1-408 exam contains 60-70 questions with 120 minutes minutes to complete them. Timed practice under the same limits is the reliable way to make that constraint feel routine.

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
                              Question #1

                              You want to monitor the dose process of all your financial subledgers and ledgers.
                              How can you quickly obtain this information?

                              • A. Use Close Monitor in General Accounting Dashboard.
                              • B. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
                              • C. Run Closing Status reports.
                              • D. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Question #2

                              You want to prevent intercompany transactions from being entered during the last day of the close.
                              What should you do?

                              • A. Close the General Ledger period in the Manage Accounting Periods page.
                              • B. Close all subledger periods.
                              • C. Close Intercompany periods in Fusion Intercompany.
                              • D. Freeze the Intercompany Journal source in General Ledger.
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Question #3

                              You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
                              Which two aspects should you consider when defining your AutoPost Criteria?

                              • A. Schedule your AutoPost Criteria set to run during off-peak hours only
                              • B. Create your AutoPost criteria using minimal source and categories.
                              • C. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
                              • D. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Question #4

                              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. It is fine to have the same child value roll up to two or more different parent values.
                              • B. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
                              • C. 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.
                              • D. The tree should have at least two tree versions to reduce report and allocation maintenance.
                              • E. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
                              Reveal Solution  Discussion  0

                              Correct Answer: A,D,E  🗳️

                              Question #5

                              You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
                              What type of report will provide this type of information?

                              • A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
                              • B. Account Analysis Reports
                              • C. Journals Reports
                              • D. Aging Reports
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

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