1Z0-1081-24 by Oracle Actual Free Exam Q&As

Question 1

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?

A. Day 1 to Day 7 B. Day -2 to Day 4 C. Day -3 to Day 3 D. Day -3 to Day 4

Discussion 0

Correct Answer: A Vote an answer

Question 2

You need
to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?

A. columns B. the Point of View C. the Page Axis D. rows

Discussion 0

Correct Answer: B Vote an answer

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Question 3

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.

Discussion 0

Correct Answer: D Vote an answer

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Question 4

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A. Never Share B. Dynamic C. Dynamic Calc and Store D. No Rate E. Store

Discussion 0

Correct Answer: E Vote an answer

Question 5

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A. when the tasks require consistent definition across close schedules B. when the tasks require multiple levels of approvers C. when the tasks are often late in completion and they need to be monitored more closely D. when the tasks are repeatable over multiple close cycles

Discussion 0

Correct Answer: D Vote an answer

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Question 6

How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process. B. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load. C. By selecting Track Multi-source Data Input option for Other Data during the application creation process. D. Drill-back to SDM is not an available feature.

Discussion 0

Correct Answer: B Vote an answer

Question 7

Which statement is true of journals created from Recurring templates?

A. The line items in journals created from Recurring templates are read only. B. Journals for recurring templates are created automatically when you open a period for journals. C. The initial status of journals created from Recurring templates is Approved. D. The initial status of journals created from Recurring templates is Posted.

Discussion 0

Correct Answer: B Vote an answer

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Question 8

Which two statements are true regarding the Copy Data function?

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

Discussion 0

Correct Answer: A,B Vote an answer

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Question 9

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. Tracking intercompany eliminations is optional. C. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data. D. Intercompany accounts are assigned plug accounts.

Discussion 0

Correct Answer: A Vote an answer

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Question 10

In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A. A variance in the Average rate and the Ending rate B. The current FCCS_CTA account balance does not change from the prior period C. The account is FCCS_Net Income D. Movement of FX impact for historical rate accounts to the FCCS_CTA account

Discussion 0

Correct Answer: B Vote an answer

Question 11

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. Intercompany B. Financial C. Consolidation D. Journal

Discussion 0

Correct Answer: C Vote an answer

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Question 12

How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension. B. Enable a dimension for Currency after application creation via a Metadata load. C. During application creation, select the Multicurrency option of "Yes". D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

Discussion 0

Correct Answer: B Vote an answer

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Oracle Financial Consolidation and Close 2024 Implementation Professional - 1Z0-1081-24 Exam Practice Test