Oracle 1z0-1081-23 Exam : Oracle Financial Consolidation and Close 2023 Implementation Professional

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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. What is the result of enabling the Calculate Movements system rule?

A) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
B) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
C) Closing Balance is aggregated from Opening Balance and the current period's movement value.
D) Level 0 movement members become read only in web forms, and must be populated through data load.

2. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
B) Translated values for Closing Balance are adjusted to the ending rate for the period.
C) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
D) Values for Opening Balance are retrieved from the prior period's Closing Balance.

3. Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A) Year
B) Scenario
C) Account
D) Entity
E) Period

4. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Ownership Percentage
B) Consolidation Percentage
C) Consolidation Method
D) Control
E) Minority Interest Percentage

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

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

Solutions: