Try and practice the latest Oracle : 1z0-408 real questions & answers

Updated: Jun 03, 2026

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

A) In Fusion Financials, you must manually reconcile your intercompany account balances.
B) Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
C) Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
D) Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
E) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.


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

A) Cloud customers can use both OTBI and OBIA.
B) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
C) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
D) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
E) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.


3. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) An Audit process needs to be successfully performed before a tree version can be set to Active.
B) Chart of accounts was not deployed.
C) Accounting Configuration was not submitted-
D) Two tree versions were not defined


4. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Accounting attributes
B) Mapping Sets
C) Transaction Objects
D) Event Entities
E) Event Classes


5. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Click the Withdraw Approval button in the Edit Journals page and edit the journal.
B) Update the journal through workflow
C) Delete the journal and create a new journal.
D) Reverse the journaland create a new one.


Solutions:

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

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