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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which two statements are true about the Multi-GAAP feature? (Choose two.)

A. Select this option if you need to report your financial statements only in IFRS.
B. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
C. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
D. You must specify a prefix for entities that use the alternate gap standard.

Question 2

Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A. Load data to this account.
B. Create member formulas.
C. Load data to this account and create member formulas.
D. Enter data through a data form.

Question 3

Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A. FX Rates - Ending
B. FX Rates - Average
C. FX Rates - Opening
D. FX Rates - None
E. FX Rates - Historical

Question 4

Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A. You can include the inbox and outbox contents in the clone.
B. You can include Data Management artifacts in the clone.
C. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
D. You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.

Question 5

Which statement is FALSE about Task Manager schedules?

A. You can still add tasks to a schedule that has been closed.
B. Users can still complete tasks in a schedule that has been closed.
C. To start all the tasks in a schedule, you must change the status from Pending to Open.
D. You can re-open a schedule that has been locked.

Solutions: