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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?

A. Day -3 to Day 4
B. Day 1 to Day 7
C. Day -3 to Day 3
D. Day -2 to Day 4

Question 2

Which two statements are true about Cash Flow in the Movement dimension?

A. You can add shared members to the FCCS_CashChange hierarchy.
B. The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the
C. When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member
D. The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow

Question 3

What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?

A. You can select which entities to include in the rule scope.
B. Opening Balance Override rules execute for the first period in the year only.
C. You can select which accounts to include in the rule scope.
D. They are available only if Intercompany Data with Tracking is enabled for the business process.

Question 4

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

Question 5

Which statement is correct regarding intercompany eliminations?

A. Intercompany eliminations are needed when a company divests itself of a division.
B. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
C. Intercompany eliminations are generally required to remove the effect of transactions within the company.
D. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

Solutions: