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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A. FCCS_Rate Override
B. FCCS_Amount_Override
C. FCCS_Translation
D. FCCS_Elimination
E. FCCS_Contribution
F. FCCS_Proportion

Question 2

For which
scenario would an On-Demand rule be an appropriate solution?

A. to copy data from one scenario to a different scenario
B. to allocate data to base entities prior to consolidation
C. to add a column with a calculation to a report
D. to perform a custom currency translation for a subset of accounts

Question 3

When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

A. load data to this account and make member formulas
B. load data to this account
C. Member Formulas cannot be created
D. create Member Formulas

Question 4

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A. The child entity is NOT a shared entity.
B. The default currency of the child is different from the default currency of the parent.
C. Reporting currencies have been defined in the Currency dimension.
D. To specify exchange rates you must set up multiple currencies when creating an application.

Question 5

Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

A. FCCS_Accounts Payable account member
B. FCCS_CashFlow_Accounts Payable account member
C. FCCS_Total Balance Sheet - Cash and NonCash account member
D. FCCS_CashFlow_Operating movement member
E. FCCS_CashChange movement member

Solutions: