Ultimate Guide to Prepare Free Oracle 1z0-1081-22 Exam Questions and Answer
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NEW QUESTION 18
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?
- A. Consolidation Method
- B. Minority Interest Percentage
- C. Control
- D. Consolidation Percentage
- E. Ownership Percentage
Answer: D
Explanation:
The Consolidation Method and Control setting can be manually changed if needed.
NEW QUESTION 19
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- C. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- D. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Answer: C
NEW QUESTION 20
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
- A. FCCS_Contribution
- B. FCCS_Entity Total
- C. FCCS_Entity Consolidation
- D. FCCS_Parent Currency
Answer: A
NEW QUESTION 21
What information is included in the data extract export file delimited format?
- A. the ID of the user performing the extract
- B. the domain and application name
- C. the application name
- D. the data load cube name
Answer: A
NEW QUESTION 22
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)
- A. Adjust data with Journals
- B. Submit data
- C. Retrieve data
- D. Run a rule such as Consolidate or Translate
Answer: B,C,D
NEW QUESTION 23
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
- A. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
- B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
- C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
- D. the third Friday of each month to apply to both TEST and PROD simultaneously
Answer: A
NEW QUESTION 24
If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
- A. An extra custom dimension is available.
- B. The ICP dimension is omitted.
- C. Data can be stored by intercompany partner but no eliminations will occur.
- D. The FCCS_No Intercompany member of the ICP dimension is used for all data.
Answer: D
Explanation:
Reference:
admin_dimensions_intercompany_124x5ae77515.html
NEW QUESTION 25
For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?
- A. Create an on-demand rule in Calculation Manager that you run after consolidation.
- B. Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.
- C. Edit the numbers using a web form or Smart View after consolidating.
- D. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.
Answer: B
Explanation:
From the Consolidation Process page, select the Consolidated tab, and then selectConfigurable Consolidation.
Click the Create Rule Set.
Reference:
consolidation_creating_rule_sets.html
NEW QUESTION 26
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. Other Options section
- B. the Page Axis
- C. the Point of View
- D. a column
Answer: C
NEW QUESTION 27
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)
- A. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- B. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
- C. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
- D. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
Answer: A,D
NEW QUESTION 28
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. Journal Report
- B. Intercompany Report
- C. Consolidation Report
- D. Financial Report
Answer: C
NEW QUESTION 29
For data load rules in Data Management, which two statements are FALSE?
- A. Data load rules cannot be shared across locations.
- B. If specified, the import format will be used; if not, then the location's format will be used.
- C. End users can upload a file when running a data load rule.
- D. A job must first run to import the data file before the user can run the data load rule.
- E. Valid load types are Merge and Replace.
Answer: D,E
NEW QUESTION 30
What are
two important first steps in initially setting up Task Manager?
- A. Assign tasks to users.
- B. Set up Users.
- C. Create a schedule and set it to Open status.
- D. Define system settings such as Organization units, Holiday rules and Task attachment size.
Answer: B,D
Explanation:
Reference:
cm_close_process_overview.html
NEW QUESTION 31
Which three
are seeded data forms created during business process creation?
- A. Exchange Rate Multi-period
- B. Headcount
- C. Shares Outstanding
- D. Override Rates
- E. Data Status
Answer: A,D,E
NEW QUESTION 32
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- A. Image
- B. Chart
- C. Header
- D. Grid
Answer: B,D
Explanation:
Report objects include:
* Grids
* Text
NEW QUESTION 33
Audit is enabled by default for which task categories?
- A. No task categories
- B. All task categories
- C. Metadata Administration and Security
- D. Data only
Answer: D
NEW QUESTION 34
You are
required to create a form that allows users to input dat
a. Which three actions are consistent with this?
- A. Select level 0 dimension members for the POV, rows, and columns.
- B. Grant the data input users WRITE access to the dimension members used on the form.
- C. Set the consolidation member on the form to FCCS_Entity Input.
- D. Set the currency on the form to Parent Currency.
- E. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
Answer: A,B,C
Explanation:
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference:
form_design_considerations.html
https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html
NEW QUESTION 35
In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. A variance in the Average rate and the Ending rate
- B. The account is FCCS_Net Income
- C. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- D. The current FCCS_CTA account balance does not change from the prior period
Answer: D
NEW QUESTION 36
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The schedule end date changes to match the end date of the task.
- B. The new task will run outside of the schedule end date.
- C. The task will not run.
- D. An error, you can't add a new task past the due date.
Answer: A
Explanation:
When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.
NEW QUESTION 37
Which three scenarios result in foreign currency translation during the default consolidation process?
- A. A parent entity has a different default currency than its parent.
- B. A parent entity has the same default currency as its parent.
- C. A base entity has a different default currency than its parent.
- D. A base entity has the same default currency as its parent.
- E. A shared entity has a different default currency than its parent
Answer: A,C,E
NEW QUESTION 38
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. Value, Entity, Account
- B. Multi-GAAP, Data Type, Intra-company
- C. From Currency, Movement, Scenario
- D. Data source, Consolidation, View
- E. Period, Year, Entity
Answer: E
NEW QUESTION 39
Which statement correctly describes the Consolidation dimension?
- A. The dimension allows users to see input versus journal adjustment data.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension uses a separate member to store data from an entity's descendants.
- D. The dimension aggregates input, consolidated, and elimination data together.
Answer: A
NEW QUESTION 40
Which statement is true regarding Data Management categories?
- A. Application mapping is not required if the global mapping target category is exactly correct.
- B. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
- C. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
- D. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
Answer: C
NEW QUESTION 41
You need
to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?
- A. the Page Axis
- B. the Point of View
- C. columns
- D. rows
Answer: B
Explanation:
The point of view is displayed on the top of the form. Elements that can be changed are displayed as links in the point of view. For example, if the Entity dimension is displayed as a link, you can change the entity but not the other dimensions in the point of view.
NEW QUESTION 42
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
- A. FCCS_PCON
- B. FCCS_Journal Input
- C. FCCS_No Data Source
- D. FCCS_Intercompany Eliminations
Answer: B,D
Explanation:
Optional - Only if selected during application creation. Reference: https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII- 20191116111928.pdf
NEW QUESTION 43
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