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Oracle 1z1-408 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials: General Ledger 2014 Essentials |
| Exam Number: | 1Z0-408 |
| Passing Score: | 66% |
| Related Certifications: | Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333) |
| Real Exam Qty: | 76 |
| Available Languages: | English |
| Exam Price: | $245 USD |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Multiple Select |
| Certificate Validity Period: | Valid until retired; certification does not expire |
| Recommended Training: | Oracle Fusion Financials: General Ledger 2014 Implementation Training |
| Exam Registration: | Pearson VUE Oracle University |
| Sample Questions: |  |
| Exam Way: | Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-general-ledger-2014-essentials/pexam_1Z0-408 |
Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Ledgers and Accounting Configurations | 20% | - Accounting calendars and period management - Defining ledgers, ledger sets, and reporting currencies - Currency and conversion rules |
| Chart of Accounts | 20% | - Cross-validation rules and segment security - Designing and configuring chart of accounts structure - Value sets, segments, and qualifiers |
| Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Configuring intercompany accounts and rules - Intercompany reconciliation |
| Consolidation and Close Process | 15% | - Translation and revaluation - Consolidation methods and eliminations - Period close and year-end processing |
| Reporting and Analysis | 10% | - Account inspector and balance analysis - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools |
| Journal Processing | 20% | - Creating, approving, and posting journals - Recurring, allocation, and reversal journals - Journal import and validation |
Oracle Fusion Financials: General Ledger 2014 Essentials Exam: Three Formats, Full Support
The official Oracle Fusion Financials: General Ledger 2014 Essentials outline defines 6 domains. The leading three are Chart of Accounts (20%), Consolidation and Close Process (15%), and Ledgers and Accounting Configurations (20%). The full list is in the topics section above, and GuideTorrent's 76 practice questions cover each one.
No formal prerequisites; implementation experience recommended Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers Register for the Oracle Fusion Financials: General Ledger 2014 Essentials exam through these official channels:
After booking, GuideTorrent delivers your practice questions within 1 minute — preparation starts the same day.
The 1z1-408 exam is a Oracle certification exam validating the Oracle Fusion Financials: General Ledger 2014 Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333). Candidates in 2026 start with GuideTorrent's 76 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
The Oracle Fusion Financials: General Ledger 2014 Essentials exam contains 76 to complete within 120 minutes. Timed simulation in the GuideTorrent Desktop Test Engine teaches that rhythm before exam day does.
GuideTorrent issues a full refund if you take the Oracle Fusion Financials: General Ledger 2014 Essentials exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
The Oracle Fusion Financials: General Ledger 2014 Essentials exam requires 66% to pass, and registration costs $245 USD. A failed attempt means paying the same fee again — a readiness check with the GuideTorrent engines before booking is the cheaper option.
Oracle recommends these training resources for the Oracle Fusion Financials: General Ledger 2014 Essentials exam:
Follow the training with steady self-testing — the 76 practice questions from GuideTorrent help you apply theory and fill any gaps the training leaves.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 76 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?
- A. Drill Through in Grid Properties
- B. Report Functions
- C. Allow Expansion
- D. Nothing. All report balances are drillable in all FR Studio reports.
Correct Answer: C 🗳️
You lust submitted the Accounting Configuration. Which two statements are correct?
- A. A Data Access Set with full read/write access to the ledger is automatically created.
- B. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
- C. Verify the data roles created and assign them to the General Ledger users.
- D. Open the ledger's period to begin entering transactions.
Correct Answer: D 🗳️
You want to specify Intercompany System Options.
Which three factors should you consider?
- A. Automatic or manual batch numbering and the minimum transaction amount
- B. The approvers who will approve intercompany transactions
- C. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
- D. Automatic or manual batch numbering and the maximum transaction amount
- E. Whether to allow receivers to reject intercompany transactions
Correct Answer: C,D,E 🗳️
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 two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
- C. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
- D. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
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. Accounting attributes
- B. Mapping Sets
- C. Transaction Objects
- D. Event Entities
- E. Event Classes
Correct Answer: C 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
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