Free Oracle 1z0-408 Exam Dumps Questions & Answers

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 the company segment only and qualify it as both the primary balancing segment andintercompany segment.
• C.Define two different charts of accounts.
• D.Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?

• A.General I edger Trial Balance report
• B.AR Aging report
• C.Receivables Aging by General Ledger Account report
• D.Receivables to General Ledger Reconciliation report

Which repot show you differences between your subledger balances and General Ledger balances?

• A.Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
• B.Payables and Receivables Aging Reports with the General Ledger Trial Balance report
• C.General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
• D.Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report

You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

• A.ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
• B.Average balances are maintained for both actual and budget balances.
• C.Average balances are stored in the Essbase cube.
• D.Average balances are stored for both subledger balances and general ledger balances.
• E.When using ADB, you must define a daily calendar and assign it to your ADB ledger.

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

• A.Journal Source
• B.Journal Batch
• C.Journal Description
• D.Journal Category