Online Access Free 1z1-408 Practice Test

What's the difference between subject areas that append the word "Real Time" and those that do not?

• A.There is no difference.
• B.The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
• C.The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
• D.The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

• A.Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
• B.Define two different charts of accounts.
• C.Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
• D.Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

• A.Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
• B.Create two journal line rules with a condition of supplier type.
• C.Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
• D.Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

• A.Both balance sheet and income statement revaluation journals should be reversed in the period.
• B.Never, because each period's revaluation adjustment is just for that period.
• C.The reversals must be done at the end of each quarter.
• D.Reverse them in the same period as the revaluation run.

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

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