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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Access | - User and role management
|
| Reporting and Analysis | - Financial reporting
|
| Consolidation Process | - Financial consolidation activities
|
| Intercompany Processing | - Intercompany transactions
|
| Close Process Management | - Period close activities
|
| Rules and Automation | - Business rules and calculation logic
|
| Journals and Adjustments | - Journal management
|
| Data Integration | - Data loading and management
|
| Application Configuration | - FCCS application setup and configuration
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Which two statements are true regarding the Copy Data function?
- A. You can select which Consolidation dimension member to copy.
- B. When you select the Regular Data option, journals data is included.
- C. You cannot select which Account members to copy.
- D. You can copy data for historical rate and amount overrides.
Correct Answer: B,D 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Dimension, then Import, and then Metadata
- B. by selecting Application, then Overview, then Dimensions, and then Import
- C. by selecting Application, then Overview, then Dimensions, and then Export
- D. by selecting Tasks, then Metadata, and then Import
Correct Answer: B 🗳️
Which statement correctly describes what happens to parent entities during consolidation?
- A. The changes in the relational database are synced to the underlying Essbase cube.
- B. For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
- C. Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
- D. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
Correct Answer: C 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
Which three scenarios result in foreign currency translation during the default consolidation process?
- A. A parent entity has a different default currency than its parent.
- B. A base entity has a different default currency than its parent.
- C. A parent entity has the same default currency as its parent.
- D. A base entity has the same default currency as its parent.
- E. A shared entity has a different default currency than its parent
Correct Answer: A,B,E 🗳️
For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)
- A. Consolidation
- B. Scenario
- C. Entity
- D. Data Source
- E. Period
- F. Year
Correct Answer: B,C,E,F 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
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