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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Application Setup and Configuration | 28% | - Application creation and configuration
|
| Data Integration and Reporting | 22% | - Data loading and integration
|
| Consolidation Rules and Eliminations | 26% | - Consolidation logic and methods
|
| Financial Close Management | 24% | - Close process setup
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. Which statement accurately describes alternate hierarchies?
A) Contribution to parent members are similar
B) Single entities having multiple parents
C) Data must be entered multiple times for shared members
D) Parent members having the same currency
2. What is the result of enabling the Calculate Movements system rule?
A) Closing Balance is aggregated from Opening Balance and the current period's movement value.
B) Level 0 movement members become read only in web forms, and must be populated through data load.
C) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
D) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
3. 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
4. Which statement
is FALSE when Intercompany Data is enabled?
A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
C) Tracking intercompany eliminations is optional.
D) Intercompany accounts are assigned plug accounts.
5. In the
Movement dimension, for which two can you modify the default translation calculation?
A) Closing Balance
B) Opening Balance Input
C) Base-level members under FCCS_Mvmts Subtotal
D) Opening Balance
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C,D |
