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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Proportion
B) FCCS Data Input
C) FCCS Entity Input
D) FCCS Total input And Adjusted

2. Which statement correctly describes the Consolidation dimension?

A) The dimension uses a separate member for data from an entity's level-zero descendants.
B) The dimension allows users to view data in the parent currency.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension contains members to store non-controlling interest and joint venture data.

3. Which two statements are true about Enterprise Journals? (Choose two.)

A) Line items can only include entities that have been enabled for Enterprise Journals.
B) You can assign a team as preparer or reviewer.
C) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
D) You cannot deploy Enterprise Journals to a period with Pending status.

4. Which statement is true of reporting currencies?

A) All reporting currency members have the suffix Reporting.
B) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
D) All input currencies that you add are automatically added as reporting currencies as well.

5. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) The View dimension stores only periodic data.
B) You cannot add member formulas to members of the Movement dimension.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) Account is a Sparse dimension.

Solutions: