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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. 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) Data can be stored by intercompany partner but no eliminations will occur.
D) The FCCS_No Intercompany member of the ICP dimension is used for all data.

2. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Entity
B) Consolidation
C) Period
D) Year
E) Scenario
F) Data Source

3. Which explains why the Currency dimension does NOT display in your application?

A) Entity-specific security rights were not properly granted
B) Multi-Currency option was not selected at application creation
C) Security access to the Multi-GAAP dimension is required
D) Security has not been granted

4. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
B) Translated values for Closing Balance are adjusted to the ending rate for the period.
C) Values for Opening Balance are retrieved from the prior period's Closing Balance.
D) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

5. Which statement correctly describes what happens to parent entities during consolidation?

A) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
B) The changes in the relational database are synced to the underlying Essbase cube.
C) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
D) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.

Solutions: