Oracle 1z0-1081-23 valid exam dumps : Oracle Financial Consolidation and Close 2023 Implementation Professional

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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Bar
B) Gauge
C) Tile
D) Line

2. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

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

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

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

4. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Translated values for Closing Balance are adjusted to the ending rate for the period.
B) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
C) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
D) Values for Opening Balance are retrieved from the prior period's Closing Balance.

5. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select users with the Service Administrator security role.
B) Delete the default Approval Unit hierarchy.
C) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D) Select the Consolidation template when setting up the Approval Unit hierarchy.

Solutions: