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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) An extra custom dimension is available.
B) The ICP dimension is omitted.
C) Data can be stored by the intercompany partner but no eliminations occur.
D) The FCCS No Intercompany member of the ICP dimension is used for all data.

2. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Ending
B) FX Rates - Opening
C) FX Rates - Historical
D) FX Rates - Average
E) FX Rates - None

3. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Total input And Adjusted
B) FCCS Entity Input
C) FCCS Data Input
D) FCCS Proportion

4. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) The default currency of the child is different from the default currency of the parent.
B) To specify exchange rates you must set up multiple currencies when creating an application.
C) Reporting currencies have been defined in the Currency dimension.
D) The child entity is NOT a shared entity.

5. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) View
B) Period, Year, and View
C) Period and Year
D) Period

Solutions: