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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A) Common Stock must have an Exchange Rate Type set to Historical Rate Override.
B) USD must be created as a reporting currency.
C) The subsidiary must have a parent entity with a GBP currency.
D) Common Stock must have a Data Storage property set to Never Share.
E) The subsidiary must have a balance not equal to zero in Common Stock.

2. What can the Intercompany Dimension be enabled and made visible within your application?

A) during application creation and selecting the Multi-source Data Input of Other Data
B) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
C) during application creation and selecting the Intercompany Data feature option
D) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

3. When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

A) create Member Formulas
B) load data to this account and make member formulas
C) Member Formulas cannot be created
D) load data to this account

4. What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A) subtract amounts consolidated to the parent
B) you can't load data to this account
C) add amounts consolidated to the parent
D) this setting will not affect additions or subtractions to the next parent

5. Which statement is FALSE about Task Manager schedules?

A) You can still add tasks to a schedule that has been closed.
B) You can re-open a schedule that has been locked.
C) Users can still complete tasks in a schedule that has been closed.
D) To start all the tasks in a schedule, you must change the status from Pending to Open.

Solutions: