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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

A) Provide a strong compliance framework that includes auditing and segregation of duties.
B) Integrate with source systems.
C) Provide predictive analysis and modeling.
D) Ensure security of sensitive data.

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

3. Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

A) Need Translate
B) OK
C) Impacted
D) System Changed (SC)

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

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

5. Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A) Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
B) FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
C) FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
D) Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

Solutions: