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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement accurately describes alternate hierarchies?

A) Parent members having the same currency
B) Data must be entered multiple times for shared members
C) Contribution to parent members are similar
D) Single entities having multiple parents

2. By default, security access is set to "None" for which three dimensions? (Choose three.)

A) Data Source
B) Movement
C) Account
D) Year
E) Entity

3. In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A) A variance in the Average rate and the Ending rate
B) The current FCCS_CTA account balance does not change from the prior period
C) Movement of FX impact for historical rate accounts to the FCCS_CTA account
D) The account is FCCS_Net Income

4. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) The logic account group is required in order to effect running of calculations after the data load.
B) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
C) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
D) Locations can share dimension member mappings by specifying a location as a parent location of others.
E) Locations must specify an import format, which may be used by other locations.
F) Data load rules can be shared across locations.

5. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

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

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