Online Access Free 1z1-408 Exam Questions

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

• A.Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
• B.There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
• C.Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
• D.Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.

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

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

What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

• A.Posting performance is much faster.
• B.General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
• C.You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
• D.Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
• E.You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.

You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

• A.Perform an account analysis online.
• B.Use Account Inspector.
• C.Open a Smart View file saved on your desktop.
• D.Create an Account Group using Account Monitor.

Identify three functions of Functional Setup Manager.

• A.Automatically mark the status of tasks as Completed after they have been completed.
• B.Centrally manage the close processes across subledgers and ledgers.
• C.Assign setup tasks to individuals with due dates where users must manually update their completion status.
• D.Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
• E.Provide a central place to access and perform all of the setup steps across Fusion application product