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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?

A) An extra custom dimension is available.
B) The ICP dimension is omitted.
C) The FCCS_No Intercompany member of the ICP dimension is used for all data.
D) Data can be stored by intercompany partner but no eliminations will occur.

2. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

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

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

A) process will separate total elimination values by Data Source.
B) enables the application to include Intercompany data.
C) enables the Elimination member in the Consolidation dimension
D) enables the application to perform Intercompany eliminations

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

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

5. Which four items are active components of the Currency dimension? (Choose four.)

A) Translated Currencies
B) Input Currencies
C) Reporting Currencies
D) Entity Currency
E) Parent Currency
F) Entity Currency Adjustments

Solutions: