1Z0-1081-20 by Oracle Actual Free Exam Q&As

Question 1

When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

A. ERP r12 B. ERP Cloud C. Data Management D. Supplemental Data

Discussion 0

Correct Answer: C,D Vote an answer

Question 2

A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?

A. Add custom Movement members to the FCCS_CashFlow hierarchy. B. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures. C. Create a Roll Forward in the account dimension. D. Load detailed Fixed Asset data to Movement members. E. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 3

In the Movement dimension, for which two can you modify the default translation calculation?

A. Opening Balance Input B. Base-level members under FCCS_Mvmts Subtotal C. Opening Balance D. Closing Balance

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Correct Answer: B,C Vote an answer

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Question 4

Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

A. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q. B. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. C. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. D. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

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Correct Answer: C Vote an answer

Question 5

Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

A. Source Type B. Drill URL C. Name D. Description E. Cloud Type

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Correct Answer: A,C,D Vote an answer

Question 6

Which two statements are true of the roll forward calculation in the Movement dimension?

A. Translated values for Closing Balance are adjusted to the ending rate for the period. B. Data for opening balances must be loaded to the Opening Balance member prior to consolidation. C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance. D. Values for Opening Balance are retrieved from the prior period Closing Balance.

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Correct Answer: A,D Vote an answer

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Question 7

When can the Intercompany Dimension be enabled and n=made visible within your application?

A. during application creation and selecting the Intercompany Data feature option B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute C. during application creation and selecting Multi-source Data Input of Other Data D. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute

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Correct Answer: A Vote an answer

Question 8

Which statement correctly describes when a consolidation can occur within a given year/scenario?

A. The current period consolidation status is Impacted and the remaining periods are OK. B. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content. C. A user has a power user access but only write access to the entity. D. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year. E. A user with power user access first locks the entity so that other users cannot consolidate the same entity.

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Correct Answer: A Vote an answer

Question 9

Which statement is true of the default FCCS_ members within an application?

A. You can change the default FCCS_ member prefix at application creation. B. You can change the Name. C. You can change the Data Storage property. D. You can change the Alias.

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Correct Answer: D Vote an answer

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Question 10

You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?

A. In the member selection for Entity, do not include shared entities, include only primary instances of entities. B. Set the currency on the form to Parent Currency. C. Grant the data input users WRITE access to the dimension members used on the form. D. Set the consolidation member on the form to FCCS_Entity Input. E. Select level 0 dimension members for the POV, rows, and columns.

Discussion 0

Correct Answer: C,D,E Vote an answer

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Oracle Financial Consolidation and Close 2020 Implementation Essentials - 1Z0-1081-20 Exam Practice Test