Oracle Financial Consolidation and Close 2024 Implementation Professional : 1Z0-1081-24

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question #1
Which statement
is FALSE when Intercompany Data is enabled?

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

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

Question #3
What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

A. Subtract amounts aggregated to the parent.
B. Add amounts aggregated to the parent.
C. This setting does not affect aggregation to the parent.
D. You cannot load data to this account.

Question #4
Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A. A parent entity has a different currency from its parent.
B. A shared entity has a parent with a different currency.
C. A base entity currency has a parent entity with a different default currency.
D. A base entity currency has a parent entity with a matching default currency.
E. A parent entity has the same default currency as its parent.

Question #5
Which statement
is false regarding establishing security for Financial Consolidation and Close?

A. Security can be disabled for any dimension.
B. Security can be assigned at a prevent level.
C. All members are accessible for dimensions with no security applied.
D. The Identity Domain Administrator inherits full access privileges.
E. Security is mandatory for one dimension.

Solutions: