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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. You are
required to create a form that allows users to input dat
a. Which three actions are consistent with this?

A) Set the currency on the form to Parent Currency.
B) Set the consolidation member on the form to FCCS_Entity Input.
C) In the member selection for Entity, do not include shared entities, include only primary instances of entities.
D) Select level 0 dimension members for the POV, rows, and columns.
E) Grant the data input users WRITE access to the dimension members used on the form.

2. Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A) Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
B) FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
C) Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
D) FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

3. What member of the Currency dimension should be used during data entry for historical override amounts?

A) Entity Currency
B) Reporting Currencies
C) Parent Currency
D) Input Currencies

4. You are required to create a form that allows users to input dat
a. Which three actions are consistent with this? (Choose three.)

A) Set the consolidation member on the form to FCCS Entity Input.
B) Set the currency on the form to Parent Currency.
C) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
D) Select level 0 dimension members for POV\ rows, and columns. www*'
E) Grant the data input users Write access to the dimension members used on the form.

5. A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A) The subsidiary must have a parent entity with a GBP currency.
B) USD must be created as a reporting currency.
C) Common Stock must have a Data Storage property set to Never Share.
D) The subsidiary must have a balance not equal to zero in Common Stock.
E) Common Stock must have an Exchange Rate Type set to Historical Rate Override.

Solutions: