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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
| Topic 2: Consolidation and Close Execution | - Run consolidations and currency translation - Intercompany eliminations and adjustments |
| Topic 3: Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
| Topic 4: Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
| Topic 5: Dimension and Metadata Management | - Import and edit members - Manage dimensions and hierarchies |
| Topic 6: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)
- A. Data tile name
- B. Target application
- C. Scenario
- D. Member mappings
Correct Answer: B,D 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
- A. Parent account calculations depend on the sequencing.
- B. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
- C. There is no reason to consolidate years sequentially.
- D. Each period in the year must consolidate separately.
Correct Answer: B 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
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 ICP dimension is omitted.
- B. An extra custom dimension is available.
- C. The FCCS No Intercompany member of the ICP dimension is used for all data.
- D. Data can be stored by the intercompany partner but no eliminations occur.
Correct Answer: A 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
The company PQR has an ownership structure as shown below.
H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?
- A. Hickory and Paducah
- B. H 1 and P 2
- C. No elimination is performed, because H 1 and P 1 do not have the same parent.
- D. PQR
Correct Answer: A 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
Which statement is FALSE about when Intercompany Data is enabled?
- A. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
- B. Tracking intercompany eliminations is optional.
- C. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- D. Intercompany accounts are assigned plug accounts.
Correct Answer: C 🗳️
Explanation: Only visible for TrainingDumps members. You can sign-up / login (it's free).
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