[Jan 14, 2022] Pass Oracle Financial Consolidation and Close Cloud Service 1Z0-1081-20 Exam With 118 Questions
Ultimate Guide to Prepare Free Oracle 1Z0-1081-20 Exam Questions & Answer
NEW QUESTION 31
For which three levels can Profiles be set in Data Management?
- A. System
- B. User
- C. Source System
- D. Category
- E. Application
Answer: A,B,E
NEW QUESTION 32
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
- A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
- B. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
- C. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
- D. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
- E. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
Answer: B
NEW QUESTION 33
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Tasks, then Metadata, and then Import
- B. by selecting Application, then Overview, then Dimensions, and then Import
- C. by selecting Application, then Overview, then Dimensions, and then Export
- D. by selecting Dimension, then Import, and then Metadata
Answer: D
NEW QUESTION 34
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
- A. 4-4-4-5
- B. 3-3-3-3
- C. 3-3-3-4
- D. 4-4-4-4
Answer: C
NEW QUESTION 35
Which statement is FALSE when enabling a Multi-GAAP application?
- A. Two custom dimensions are available after enabling Multi-GAAP.
- B. The Multi-GAAP dimension is optional.
- C. The system automatically creates an FCCS_IFRS member.
- D. Additional GAAP adjustment can be created.
Answer: A
NEW QUESTION 36
You have created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group.
How can the Analysts navigation flow be made the default for the Analysts user group?
- A. In the Analysts navigation flow, select the Analysts user group in the Assign To field.
- B. In their User Preferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list.
- C. In Application Settings, assign Analysts to the Analysts user group in the System Settings section.
- D. Because the navigation flow was given exactly the same name as the user group, it is assigned automatically to the group
Answer: A
Explanation:
Assign to assigns the navigation flow to a group of users or to a role.
Reference:
editing_a_navigation_flow_114xdb21ceb5.html
NEW QUESTION 37
What information is included in the data extract export file delimited format?
- A. the data load cube name
- B. the domain and application name
- C. the ID of the user performing the extract
- D. the application name
Answer: D
NEW QUESTION 38
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation ofequity accounts? (Choose two.)
- A. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
- B. Data entry to the Common Stock account withthe Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- C. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
- D. A journal entry to reverse the adjusted Common Stock balance withthe Data Source member FCCS_Journal Input.
Answer: B,D
NEW QUESTION 39
Which is true behavior of default FCCS_ members within an application?
- A. You cannot change the Alias of these default FCCS_ members.
- B. You can change the default FCCS_ member prefix at application creation.
- C. You can change the Name of these default FCCS_ members at any time.
- D. You can change the Alias of thesedefault FCCS_ members at any time.
Answer: C
NEW QUESTION 40
Which three are seeded data forms created during business process creation?
- A. Shares Outstanding
- B. Headcount
- C. Exchange Rate Multi-period
- D. Override Rates
- E. Data Status
Answer: C,D,E
NEW QUESTION 41
Financial Consolidation and Close maintains calculation status for which four dimensions?
- A. Scenario
- B. Year
- C. Period
- D. Consolidation
- E. Entity
- F. Data Source
Answer: A,C,D,E
Explanation:
Explanation
Explanation/Reference:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.
NEW QUESTION 42
Which statement accurately describes alternate hierarchies?
- A. Contribution to parent members are similar
- B. Single entities having multiple parents
- C. Parent members having the same currency
- D. Data must be enteredmultiple times for shared members
Answer: B
NEW QUESTION 43
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. Dynamic Calc and Store
- C. No Rate
- D. Dynamic
- E. Never Share
Answer: A
NEW QUESTION 44
When can the Intercompany Dimension be enabled and n=made visible within your application?
- A. during application creation and selecting Multi-source Data Input of Other Data
- B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- C. after application creation by selectingany Entity as IC_Entity_Yes for the Intercompany Entity attribute
- D. during application creation and selecting the Intercompany Data feature option
Answer: D
NEW QUESTION 45
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_No Data Source
- B. FCCS_Proportion
- C. FCCS_Data Input
- D. FCCS_SystemTypes
Answer: B
NEW QUESTION 46
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
- A. Financial Report
- B. Journal Report
- C. Consolidation Report
- D. Intercompany Report
Answer: C
NEW QUESTION 47
Whichthree tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel?
(Choose three.)
- A. Retrieve data
- B. Adjust data with Journals
- C. Submit data
- D. Run a rule such as Consolidate or Translate
Answer: A,C,D
NEW QUESTION 48
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks are often late in completion and they need to be monitored more closely
- B. when the tasks require multiple levels of approvers
- C. when the tasks are repeatable over multiple close cycles
- D. when the tasks require consistent definition across close schedules
Answer: C
Explanation:
A task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.D18912E1457D5D1DDCBD40AB3BF70D5D Reference:
cm_templates_managing.html
NEW QUESTION 49
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
- A. January should be consolidated for the change and nothing needs to happen for February.
- B. January and February should be consolidated.
- C. There is no way to do a prior period entry like this.
- D. February should be consolidated, after which the cash at AceCo is now 65.
Answer: B
NEW QUESTION 50
How can the Intercompany dimension be enabled within your application?
- A. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
- B. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.
- C. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
- D. During application creation, select the Intercompany Data option.
Answer: B
Explanation:
Reference:
intercompany_property_for_entities.html
NEW QUESTION 51
......
Oracle 1Z0-1081-20 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
Pass 1Z0-1081-20 Tests Engine pdf - All Free Dumps: https://certkingdom.pass4surequiz.com/1Z0-1081-20-exam-quiz.html