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

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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension contains members to store non-controlling interest and joint venture data.
D) The dimension allows users to view data in the parent currency.

2. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Bar
B) Line
C) Tile
D) Gauge

3. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) An ownership percentage for the entity other than 100 was entered.
B) A rate was entered into the FCCS Rate Override account.
C) An intercompany elimination was performed.
D) The parent entity has a different currency than the child.

4. Which two statements are true about the Multi-GAAP feature? (Choose two.)

A) Select this option if you need to report your financial statements only in IFRS.
B) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
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.

5. For which scenario would an On-Demand rule be an appropriate solution?

A) To perform a custom currency translation for a subset of accounts
B) To add a column with a calculation to a report
C) To allocate data to base entities prior to consolidation
D) To import data into a form or Smart View worksheet

Solutions: