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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) Select level 0 dimension members for POV\ rows, and columns. www*'
B) Set the consolidation member on the form to FCCS Entity Input.
C) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
D) Grant the data input users Write access to the dimension members used on the form.
E) Set the currency on the form to Parent Currency.

2. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Year
B) Scenario
C) Period
D) Account
E) Data Source (Entity)

3. 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) 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.

4. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
B) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
C) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

5. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension allows users to view data in the parent currency.
C) The dimension uses a separate member for data from an entity's level-zero descendants.
D) The dimension contains members to store non-controlling interest and joint venture data.

Solutions: