Online Access Free 1z1-408 Practice Test

What is the most efficient way to add a new year to the accounting calendar?

• A.Import the periods from a spreadsheet
• B.Add the periods manually
• C.The application automatically populates the next year when you open the first period a new fiscal year.
• D.Use the Add Year button

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.Mapping Sets
• B.Event Classes
• C.Event Entities
• D.Accounting attributes
• E.Transaction Objects

Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.

• A.Both the intercompany and general ledger periods are open.
• B.The intercompany transaction is not approved.
• C.The intercompany period is closed.
• D.The corresponding Payables and Receivablesinvoicehave not been generated.
• E.If they are different, then the exchange rate is missing between the intercompany and ledger currency.

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

• A.Enter another adjusting journal entry in the currency to true up the balances.
• B.Rerun Translation and then reconsolidate your result
• C.Rerun Revaluation and then rerun Translation
• D.Translate only the adjusting journal entry.

How do you hide accounts with no balances showing #Missing in Smart view?

• A.Choose the Suppress Zeros option under Data options.
• B.Select the Data/Missing check box in the Data Options tab.
• C.Use Excel functions to hide rows with #Missing assigned
• D.This indicates a database connection issue. Try to reconnect to Fusion Applications.