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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

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

2. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Execute Integration dialog box
B) Workbench
C) Location Attributes section of the Create Integration dialog box
D) Options tab of the Application Details dialog box

3. Which item describes the use for the Currency dimension property Triangulation Currency?

A) The ability to report in multiple currencies
B) The ability to force translations
C) The ability to calculate foreign exchange rates
D) The ability to calculate CTA (Cumulative Translation Adjustment)
E) The ability to input foreign exchange rates

4. 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 PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
B) Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
C) Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
D) Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

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 the Consolidation template when setting up the Approval Unit hierarchy.
B) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
C) Delete the default Approval Unit hierarchy.
D) Select as owners only users with the Service Administrator or Power User security role.

Solutions: