1z0-1081-22 by Oracle Actual Free Exam Q&As

Question 1

What can the Intercompany Dimension be enabled and 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. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute D. during application creation and selecting the Multi-source Data Input of Other Data

Discussion 0

Correct Answer: A Vote an answer

Question 2

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A. you can't load data to this account B. add amounts consolidated to the parent C. subtract amounts consolidated to the parent D. this setting will not affect additions or subtractions to the next parent

Discussion 0

Correct Answer: C Vote an answer

Question 3

Which statement is FALSE when setting up Shared Entities?

A. You build an alternate hierarchy by using partial share Entity members. B. The calculation status will not change in all instances when data is changed in one instance. C. When data is posted to one shared entity, the data is posted to all instances. D. The Data Storage Member Property must set to "Dynamic Calc".

Discussion 0

Correct Answer: B Vote an answer

Question 4

Which statement
is FALSE when Intercompany Data is enabled?

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

Discussion 0

Correct Answer: B Vote an answer

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Question 5

You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

A. An error, you can't add a new task past the due date. B. The new task will run outside of the schedule end date. C. The task will not run. D. The schedule end date changes to match the end date of the task.

Discussion 0

Correct Answer: D Vote an answer

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Question 6

Which three
are seeded data forms created during business process creation?

A. Override Rates B. Data Status C. Shares Outstanding D. Headcount E. Exchange Rate Multi-period

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 7

When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A. 12-month only B. 12-month and 13-month C. Any number of months can be selected D. 12-month, 13-month and a 14-month

Discussion 0

Correct Answer: B Vote an answer

Oracle Financial Consolidation and Close 2022 Implementation Professional - 1z0-1081-22 Exam Practice Test