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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

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

2. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Scenario
B) Consolidation
C) Year
D) Period
E) Data Source
F) Entity

3. When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A) The script will not work since Data Management does not support scripting.
B) The script will not work since the UD5 member referenced does not start with FCCS_
C) The script will work if the script is referenced in the In mapping type with #SQL as the target.
D) The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
E) The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

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

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

5. Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

A) P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
B) P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
C) P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
D) P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

Solutions: