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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

A) dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
B) a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
C) leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
D) robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
E) provide the ability to collaborate during close and analyse transaction detail in real time

2. Which three dimensions can be included in an approval group? (Choose three.)

A) Account
B) Movement
C) Scenario
D) Entity
E) Multi-GAAP

3. Which statement
is false regarding establishing security for Financial Consolidation and Close?

A) Security can be assigned at a prevent level.
B) All members are accessible for dimensions with no security applied.
C) Security can be disabled for any dimension.
D) The Identity Domain Administrator inherits full access privileges.
E) Security is mandatory for one dimension.

4. In the
Movement dimension, for which two can you modify the default translation calculation?

A) Base-level members under FCCS_Mvmts Subtotal
B) Closing Balance
C) Opening Balance Input
D) Opening Balance

5. To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?

A) Intercompany Partners
B) Elimination Consolidation Dimension member
C) Intercompany Plug Accounts
D) Intercompany Accounts

Solutions: