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Updated: Oct 16, 2026
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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 |
| Exam Format: | Multiple Response, Multiple Choice |
| Available Languages: | English |
| Certificate Validity Period: | Oracle certification policy dependent (historically non-expiring or subject to Oracle policy updates) |
| Related Certifications: | Oracle Fusion Financials Cloud Certification |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 60-70 |
| Exam Price: | $245 USD (may vary by region) |
| Recommended Training: | Oracle University - Fusion Financials Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1z1-408 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (online proctored or test center) |
| Pre Condition: | Basic understanding of accounting principles and Oracle Fusion Financials fundamentals recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Configuration | - Chart of Accounts Structure
|
| Financial Reporting | - Reporting Tools
|
| Period Close Process | - Close Activities
|
| Accounting and Subledger Integration | - Subledger Accounting
|
| Journal Processing | - Journal Entries
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Which two types of journals can be automatically routed through the journal approval process?
- A. Revaluation journals
- B. Journals imported from third-party systems
- C. Allocation journals
- D. Sub ledger journals
- E. Manual journals
Correct Answer: B,E 🗳️
Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?
- A. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
- B. Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
- C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
- D. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
Correct Answer: A 🗳️
What's the difference between subject areas that append the word "Real Time" and those that do not?
- A. 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.
- 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. There is no difference.
Correct Answer: C 🗳️
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?
- A. The Account Rule's chartof accounts have no account values assigned
- B. The Account Rule's conditions are not defined.
- C. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
- D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
Correct Answer: A,D 🗳️
You want to process multiple allocations at the same time. What feature do you use?
- A. Point of View (POV)
- B. General Ledger Journal entries
- C. RuleSets
- D. Formulas
Correct Answer: D 🗳️
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