Exit demo 1Z0-1081-22 Oracle Financial Consolidation and Close 2022 Implementation Professional PDF format · free preview

Oracle 1Z0-1081-22 - Questions & Answers

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Question 1
Single choice

Which statement is correct regarding intercompany eliminations?

A.

Intercompany eliminations are generally required to remove the effect of transactions within the company.

B.

Intercompany eliminations are required for sustainability reporting to show the company's waste output.

C.

Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

D.

Intercompany eliminations are needed when a company divests itself of a division.

Question 2
Multiple choice

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.

Cloud Type

D.

Description

E.

Name

Question 3
Single choice

When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.

Which statement is true?

A.

The FCCS_No Intercompany member of the ICP dimension will be used for all data.

B.

Data can be stored by intercompany partner but no eliminations will occur.

C.

An extra custom dimension will be available.

D.

The ICP dimension will be omitted.

Question 4
Single choice

You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.

Where on the form do you define the View dimension and select the correct member?

A.

a column

B.

Other Options section

C.

the Page Axis

D.

the Point of View

Question 5
Single choice

Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

A.

Account

B.

From Currency

C.

Entity

D.

Currency

Question 6
Multiple choice

Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

A.

Ensure security of sensitive data.

B.

Integrate with source systems.

C.

Provide predictive analysis and modeling.

D.

Provide a strong compliance framework that includes auditing and segregation of duties.

Question 7
Multiple choice

Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A.

The Cash Change hierarchy cannot be modified.

B.

All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.

C.

The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

D.

Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.

E.

Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.

F.

Siblings can be added to the FCCS_CashFlow_Investing member.

Question 8
Single choice

What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

A.

enables the Elimination member in the Consolidation dimension

B.

process will separate total elimination values by Data Source.

C.

enables the application to include Intercompany data.

D.

enables the application to perform Intercompany eliminations

Question 9
Single choice

Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A.

FCCS_No Data Source

B.

FCCS_Data Input

C.

FCCS_SystemTypes

D.

FCCS_Proportion

Question 10
Single choice

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.

this setting will not affect additions or subtractions to the next parent

B.

subtract amounts consolidated to the parent

C.

add amounts consolidated to the parent

D.

you can't load data to this account

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