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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Consolidation and Close Execution | - Intercompany eliminations and adjustments - Run consolidations and currency translation |
| Topic 2: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Topic 3: Task and Data Management | - Manage close process using Task Manager - Data import, export, and integrations |
| Topic 4: Dimension and Metadata Management | - Import and edit members - Manage dimensions and hierarchies |
| Topic 5: Setup and Configuration | - Application setup and business process configuration - Security configuration and user roles |
| Topic 6: Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Where in Data Integration do you specify the default member for the Multi-GAAP dimension?
- A. Workbench
- B. Location Attributes section of the Create Integration dialog box
- C. Execute Integration dialog box
- D. Options tab of the Application Details dialog box
Correct Answer: D 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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. You must specify a prefix for entities that use the alternate gap standard.
- C. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
- D. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
Correct Answer: C,D 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
- A. The child entity is NOT a shared entity.
- B. The default currency of the child is different from the default currency of the parent.
- C. To specify exchange rates you must set up multiple currencies when creating an application.
- D. Reporting currencies have been defined in the Currency dimension.
Correct Answer: B,D 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)
- A. Year
- B. Period
- C. Entity
- D. Scenario
- E. Account
Correct Answer: A,B 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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. Control
- B. Minority Interest Percentage
- C. Ownership Percentage
- D. Consolidation Percentage
- E. Consolidation Method
Correct Answer: C,D,E 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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