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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Dimension and Metadata Management- Import and edit members
- Manage dimensions and hierarchies
Topic 2: Setup and Configuration- Application setup and business process configuration
- Security configuration and user roles
Topic 3: Consolidation and Close Execution- Run consolidations and currency translation
- Intercompany eliminations and adjustments
Topic 4: Reporting and Dashboards- Create dashboards and data forms
- Design reports using Financial Reporting Studio
Topic 5: Overview of Financial Consolidation and Close- Consolidation and close process architecture
- Overview of FCCS features
Topic 6: Task and Data Management- Manage close process using Task Manager
- Data import, export, and integrations

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Where do you set the Intercompany Entities Aggregation option?

A) On the Properties page of the Intercompany dimension
B) In the member properties of the Intercompany Entities member
C) In the member properties of the Intercompany Top member
D) In the Setup Wizard during business process creation


2. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Load data to this account.
B) Create member formulas.
C) Load data to this account and create member formulas.
D) Enter data through a data form.


3. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Journal
B) Financial
C) Intercompany
D) Consolidation


4. Which statement about Opening Balance Override rules is true?

A) You can select which accounts to include in the rule scope.
B) You can select which entities to include in the rule scope.
C) Opening Balance Override rules execute for the first period in the year only.
D) They are available only if Intercompany Data with Tracking is enabled for the business process.


5. Which two statements about the Copy Data function are true? (Choose two.)

A) When you select the Regular Data option, journals data is included.
B) You can copy data for historical rate and amount overrides.
C) You cannot select which Account members to copy.
D) You can select which Consolidation dimension member to copy.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: B,D

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