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Last Updated: Oct 04, 2026
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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing | 20% | - Journal import and validation - Creating, approving, and posting journals - Recurring, allocation, and reversal journals |
| Consolidation and Close Process | 15% | - Period close and year-end processing - Translation and revaluation - Consolidation methods and eliminations |
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Cross-validation rules and segment security - Value sets, segments, and qualifiers |
| Reporting and Analysis | 10% | - Financial reporting using OTBI and Smart View - Account inspector and balance analysis - Trial balance and inquiry tools |
| Ledgers and Accounting Configurations | 20% | - Accounting calendars and period management - Defining ledgers, ledger sets, and reporting currencies - Currency and conversion rules |
| Intercompany and Balancing | 15% | - Configuring intercompany accounts and rules - Automatic balancing and elimination entries - Intercompany reconciliation |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?
- A. You must assign the corresponding Receivables and Payables Business Units.
- B. You must perform additional setup steps for Fusion Payables and Fusion Receivables.
- C. You can only associate one Intercompany Organization per Legal Entity.
- D. You only need to assign the Legal Entity and Organization Contact.
Correct Answer: A 🗳️
Explanation: Only visible for TrainingQuiz members. You can sign-up / login (it's free).
Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?
- A. Oracle Identity Management (OIM)
- B. Financials not a stand-alone product
- C. Manage Users
- D. Policy Manager (APM)
- E. Hire a New Ernployee
Correct Answer: A 🗳️
You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?
- A. Using Workspace, assemble multiple reports into a book.
- B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
- C. Users can drill down on snapshot reports for future analysis.
- D. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
- E. Snapshot reports can only be viewed online.
Correct Answer: A,B,D 🗳️
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. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
- B. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
- 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.
Correct Answer: C 🗳️
Explanation: Only visible for TrainingQuiz members. You can sign-up / login (it's free).
You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?
- A. Chart of accounts was not deployed.
- B. An Audit process needs to be successfully performed before a tree version can be set to Active.
- C. Two tree versions were not defined
- D. Accounting Configuration was not submitted-
Correct Answer: C 🗳️
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