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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) To specify exchange rates you must set up multiple currencies when creating an application.
B) The default currency of the child is different from the default currency of the parent.
C) Reporting currencies have been defined in the Currency dimension.
D) The child entity is NOT a shared entity.

2. 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.

3. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) The FCCS No Intercompany member of the ICP dimension is used for all data.
B) An extra custom dimension is available.
C) Data can be stored by the intercompany partner but no eliminations occur.
D) The ICP dimension is omitted.

4. Which customization can you perform on the Navigation Flows page?

A) Add or Hide cards.
B) Set a default POV by user group.
C) Select a color scheme.
D) Select a data form to display at start up based on user group.

5. Which statement is FALSE about running consolidations?

A) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-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 consolidate a parent, children with the Impacted calculation status are also consolidated.

Solutions: