Oracle Financial Consolidation and Close 2023 Implementation Professional : 1z0-1081-23 Exam Questions

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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. What action requires refreshing the database?

A) You deploy a new Configurable Calculation rule in Calculation Manager.
B) You edit the Consolidation Operator for a member in the Account dimension.
C) You edit the alias for a member in the Entity dimension.
D) You change the ownership percentage for an entity.

2. Which statement is FALSE about when Intercompany Data is enabled?

A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) Intercompany accounts are assigned plug accounts.
C) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
D) Tracking intercompany eliminations is optional.

3. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
B) Each period in the year must consolidate separately.
C) There is no reason to consolidate years sequentially.
D) Parent account calculations depend on the sequencing.

4. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) The FCCS No Intercompany member of the ICP dimension is used for all data.
B) The ICP dimension is omitted.
C) Data can be stored by the intercompany partner but no eliminations occur.
D) An extra custom dimension is available.

5. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Grid
B) Chart
C) Header
D) Footer

Solutions: