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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| FCCS Application Configuration | - Application setup and configuration
|
| Metadata and Dimensions | - Metadata management
|
| Close Process Management | - Period close activities
|
| Consolidation Process | - Financial consolidation execution
|
| Security and Access Management | - User roles and permissions
|
| Reporting and Analysis | - Financial reporting tools
|
| Data Integration and Loading | - Data management processes
|
| Journals and Adjustments | - Manual and automated journals
|
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
The company PQR has an ownership structure as shown below.
H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?
- A. H 1 and P 2
- B. Hickory and Paducah
- C. No elimination is performed, because H 1 and P 1 do not have the same parent.
- D. PQR
Correct Answer: B 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
Which two statements are true about the Multi-GAAP feature? (Choose two.)
- A. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
- B. Select this option if you need to report your financial statements only in IFRS.
- C. You must specify a prefix for entities that use the alternate gap standard.
- D. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
Correct Answer: A,D 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?
- A. You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
- B. You can include Data Management artifacts in the clone.
- C. You can include the inbox and outbox contents in the clone.
- D. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
Correct Answer: D 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
Which statement is FALSE about Task Manager schedules?
- A. You can re-open a schedule that has been locked.
- B. You can still add tasks to a schedule that has been closed.
- C. To start all the tasks in a schedule, you must change the status from Pending to Open.
- D. Users can still complete tasks in a schedule that has been closed.
Correct Answer: B 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?
- A. All parent members in the Account dimension must have a Solve Order value of 58.
- B. The View dimension stores only periodic data.
- C. You cannot add member formulas to members of the Movement dimension.
- D. Account is a Sparse dimension.
Correct Answer: A 🗳️
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