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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1
In Data Integration, for what purpose do you use Workbench?

A. To define dimension mapping
B. To configure data load options
C. To review mapping of source to target members
D. To edit the data load file format

Question #2
Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

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

Question #3
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A. Intercompany
B. Journal
C. Financial
D. Consolidation

Question #4
Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A. You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
B. You can include the inbox and outbox contents in the clone.
C. You can include Data Management artifacts in the clone.
D. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.

Question #5
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. A rate was entered into the FCCS Rate Override account.
B. The parent entity has a different currency than the child.
C. An intercompany elimination was performed.
D. An ownership percentage for the entity other than 100 was entered.

Solutions: