[2021] Pass 1Z0-1081-20 Exam - Real Questions & Answers
1Z0-1081-20 Exam Questions Get Updated [2021] with Correct Answers
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NEW QUESTION 45
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. Enable a dimension for Currency after application creation via a Metadata load.
- B. During application creation, select the Multicurrency option of "No" and insert additionalcurrencies within the Currency dimension.
- C. During application creation, select the Multicurrency option of "Yes".
- D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
Answer: A
NEW QUESTION 46
What are two important first steps in initially setting up Close Manager? (Choose two.)
- A. Create a schedule and set it to Open status.
- B. Define system settings such as Organization units, Holiday rules and Task attachment size.
- C. Set up Users.
- D. Assign tasks to users.
Answer: B,C
NEW QUESTION 47
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. Power User
- D. Metadata Administrator
Answer: D
NEW QUESTION 48
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- A. Chart
- B. Image
- C. Grid
- D. Header
Explanation/Reference:
Report objects include:
* Grids
* Text
Answer: A,C
Explanation:
Reference:
3559E92E-0EC6-42F8-BB48-97875171067E.pdf
NEW QUESTION 49
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 application name
- D. the ID of the user performing the extract
Answer: D
NEW QUESTION 50
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 51
When designing a report in Financial Reporting Studio, which item is NOT aninsert-able report object?
- A. Image
- B. Header
- C. Chart
- D. Grid
Answer: B
NEW QUESTION 52
Which four items are active components of the Currency dimension? (Choose four.)
- A. Parent Currency
- B. Reporting Currencies
- C. Input Currencies
- D. Translated Currencies
- E. Entity Currency
- F. Entity Currency Adjustments
Answer: A,B,C,F
NEW QUESTION 53
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 54
When defining a batch in Data Management, which statement is True?
- A. A batch replaces the need for data load rules.
- B. A batch can load to multiple plan types.
- C. Each data load rule must specify the period or the batch willdefault to the POV period.
- D. Batches can import from source or export to target, but not both.
- E. Batches can execute data loads for multiple locations.
Answer: A
NEW QUESTION 55
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
- A. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
- B. Grant the data input users WRITE access to the dimension members used on the form.
- C. Set the consolidation member on the form to FCCS_Entity Input.
- D. Set the currency on the form to Parent Currency.
- E. Select level 0 dimension members for the POV, rows, and columns.
Answer: B,C,E
Explanation:
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference:
form_design_considerations.html
https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html
NEW QUESTION 56
Which four sample ratios can be created during the application creation process? (Choose four.)
- A. Contribution Margin
- B. Inventory Ratios
- C. Debt Ratio
- D. Days Sales in Receivables
- E. Gross Margin
- F. Earnings per Share
Answer: B,C,D,E
NEW QUESTION 57
Which statement is false regarding establishing security for Financial Consolidation and Close?
- A. Security can be assigned at a prevent level.
- B. All members are accessible for dimensions with no security applied.
- C. The Identity Domain Administrator inherits full access privileges.
- D. Security is mandatory for one dimension.
- E. Security can be disabled for any dimension.
Answer: B
Explanation:
The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
Reference:
admin_security_predefined_roles_112x5e7954a4.html
NEW QUESTION 58
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?
- A. Entity, Consolidation, Currency
- B. Entity, Currency, Account
- C. Currency, Account, Movement
- D. Consolidation, Currency, Account
Answer: C
NEW QUESTION 59
Which two are required fields when registering a source system in Data Management?
- A. Name
- B. Source System Type
- C. Drill Through URL
- D. Cloud Type
Answer: A,C
Explanation:
Reference:
registering_file-based_source_systems.html
NEW QUESTION 60
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- B. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balancewith another division that is not a descendant of AceCo.
- C. P has adifferent currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- D. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
Answer: D
NEW QUESTION 61
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
- A. Local Currency
- B. Base Currency
- C. Parent Currency
- D. Entity Currency
Answer: D
Explanation:
Explanation
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input(Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.
NEW QUESTION 62
By default, security access is set to "None" for which threedimensions? (Choose three.)
- A. Account
- B. Year
- C. Movement
- D. Entity
- E. Data Source
Answer: A,D,E
NEW QUESTION 63
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