[Feb 21, 2023] Ultimate 1z0-1081-22 Guide to Prepare Free Latest Oracle Practice Tests Dumps
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Oracle 1z0-1081-22 Exam Syllabus Topics:
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NEW QUESTION 11
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
- A. pre-built integrations to combine narrative and data to produce both internal and external reporting packages
- B. calculations, dashboards and reports built on planning frameworks to provide cash flow planning
- C. calculations, dashboards and reports to provide analysis for cash flow modeling
- D. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow
Answer: D
NEW QUESTION 12
Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)
- A. A parent entity has a different currency from its parent.
- B. A base entity currency has a parent entity with a matching default currency.
- C. A base entity currency has a parent entity with a different default currency.
- D. A parent entity has the same default currency as its parent.
- E. A shared entity has a parent with a different currency.
Answer: A,C,E
NEW QUESTION 13
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
- A. create Member Formulas
- B. Member Formulas cannot be created
- C. load data to this account and make member formulas
- D. load data to this account
Answer: A,C
NEW QUESTION 14
Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)
- A. Description
- B. Cloud Type
- C. Name
- D. Drill URL
- E. Source Type
Answer: A,C,E
NEW QUESTION 15
For which
three dimensions is security enabled by default?
- A. Data Source
- B. Account
- C. Entity
- D. Consolidation
- E. Scenario
Answer: B,C,E
Explanation:
By default, the Account, Entity, Scenario, and Data Source dimensions.
NEW QUESTION 16
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)
- A. FCCS_Contribution
- B. FCCS_Proportion
- C. FCCS_Rate Override
- D. FCCS_Elimination
- E. FCCS_Translation
- F. FCCS_Amount_Override
Answer: C,D
NEW QUESTION 17
If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?
- A. The associated Intercompany member is automatically removed.
- B. The alias of the associated Intercompany member is automatically updated.
- C. The alias of the associated Intercompany member must be manually changed.
- D. The associated Intercompany member must be manually removed.
Answer: B
NEW QUESTION 18
Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?
- A. An ownership percentage for the entity other than 100 was entered.
- B. An intercompany elimination was performed.
- C. The parent entity has a different currency than the child.
- D. A rate was entered into the FCCS_Rate Override account.
Answer: B
NEW QUESTION 19
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. System Administrator
- B. Metadata Supervisor
- C. Metadata Administrator
- D. Power User
Answer: C
Explanation:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION 20
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_Proportion
- B. FCCS_SystemTypes
- C. FCCS_Data Input
- D. FCCS_No Data Source
Answer: A
NEW QUESTION 21
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- A. Year, Scenario, Base Entity and Account
- B. Scenario, View, Parent Entity and Account
- C. Scenario, Account, Base Entity and Parent Entity
- D. Period, Scenario, Base Entity and Parent Entity
Answer: D
NEW QUESTION 22
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)
- A. Tab delimited
- B. Comma delimited
- C. DAT file type
- D. Excel XLS file type
Answer: A,B
NEW QUESTION 23
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
- A. Data Management
- B. Financial Close Management
- C. Supplemental Data Management
- D. Process Management
- E. Account Reconciliation Management
Answer: E
NEW QUESTION 24
How can
the Intercompany dimension be enabled within your application?
- A. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
- B. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
- C. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.
- D. During application creation, select the Intercompany Data option.
Answer: C
Explanation:
Reference:
intercompany_property_for_entities.html
NEW QUESTION 25
If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
- 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 intercompany partner but no eliminations will occur.
Answer: C
Explanation:
Reference:
admin_dimensions_intercompany_124x5ae77515.html
NEW QUESTION 26
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?
- A. First order relation
- B. Lowest common denominator
- C. First common parent
- D. Generation 0
Answer: C
NEW QUESTION 27
Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?
- A. Select Dimensions, then Actions, and then Import Data
- B. Select Application, then Overview, then Actions, and then Import Data
- C. Select Import, then Actions, and then Data
- D. Select Application, then Overview, then Data, and then Export
Answer: B
NEW QUESTION 28
Which statement
is true of the default FCCS_ members within an application?
- A. You can change the Name.
- B. You can change the Data Storage property.
- C. You can change the Alias.
- D. You can change the default FCCS_ member prefix at application creation.
Answer: C
Explanation:
The member names of the seeded accounts cannot be changed, but the aliases can.
Reference:
3A1613856380969&ei=fH4xYLrqOoj4gQbWz7-oDw&q=default+FCCS_+members+within+an+application+can
+change+the+Alias&oq=default+FCCS_+members+within+an+application+can+change+the
+Alias&gs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXABGD QwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gwswiz&ved=0ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0&uact=5
NEW QUESTION 29
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 Bottom Up template when setting up the Approval Unit hierarchy.
- B. Select the Consolidation 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.
Answer: B
Explanation:
To lock or unlock an entity, you must create an approval unit hierarchy containing the entities you want to lock.
By default, Financial Consolidation and Close provides an approval unit named "Total Geography".
Reference:
locking_and_unlocking_entities.html
NEW QUESTION 30
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Intercompany Plug Accounts
- B. Intercompany Partners
- C. Intercompany Accounts
- D. Elimination Consolidation Dimension member
Answer: B
Explanation:
Intercompany Partner (ICP) Matching reports list the intercompany transactions that are eliminated during consolidation. Intercompany transactions are managed across the Intercompany Partner dimension. Reference: https://docs.oracle.com/cd/E57185_01/HFMAG/ch09s02.html
NEW QUESTION 31
Audit is enabled by default for which task categories?
- A. Data only
- B. No task categories
- C. All task categories
- D. Metadata Administration and Security
Answer: A
NEW QUESTION 32
Which four
sample ratios can be selected during business process creation?
- A. Contribution Margin
- B. Days Sales in Receivables
- C. Earnings per Share
- D. Inventory Ratios
- E. Gross Margin
- F. Debt Ratio
Answer: A,B,C,E
NEW QUESTION 33
When defining a batch in Data Management, which statement is True?
- A. A batch replaces the need for data load rules.
- B. Each data load rule must specify the period or the batch will default to the POV period.
- C. A batch can load to multiple plan types.
- D. Batches can import from source or export to target, but not both.
- E. Batches can execute data loads for multiple locations.
Answer: E
NEW QUESTION 34
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