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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) Account
B) View
C) Consolidation
D) Movement

2. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) There is no reason to consolidate years sequentially.
B) Parent account calculations depend on the sequencing.
C) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
D) Each period in the year must consolidate separately.

3. When do you enable submission phases for your approval process?

A) When you assign the approval unit hierarchy to a scenario, period, and year
B) When you set the member properties for the entity
C) When you set up the approval unit hierarchy
D) When you start the approval process for an approval unit on the Manage Approvals page

4. You are required to create a form that allows users to input data. 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. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
B) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
C) Calculations, dashboards, and reports to provide analysis for cash flow modeling
D) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages

Solutions: