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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A. Calculations, dashboards, and reports to provide analysis for cash flow modeling
B. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
C. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
D. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow

Question 2

Which statement is FALSE about when Intercompany Data is enabled?

A. Tracking intercompany eliminations is optional.
B. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
C. Intercompany accounts are assigned plug accounts.
D. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

Question 3

For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A. You cannot add member formulas to members of the Movement dimension.
B. All parent members in the Account dimension must have a Solve Order value of 58.
C. The View dimension stores only periodic data.
D. Account is a Sparse dimension.

Question 4

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A. A rate was entered into the FCCS Rate Override account.
B. The parent entity has a different currency than the child.
C. An intercompany elimination was performed.
D. An ownership percentage for the entity other than 100 was entered.

Question 5

Which statement is FALSE about running consolidations?

A. When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.

Solutions: