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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) There is no reason to consolidate years sequentially.
B) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
C) Each period in the year must consolidate separately.
D) Parent account calculations depend on the sequencing.

2. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) Grant the data input users Write access to the dimension members used on the form.
B) Set the consolidation member on the form to FCCS Entity Input.
C) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
D) Set the currency on the form to Parent Currency.
E) Select level 0 dimension members for POV\ rows, and columns. www*'

3. Which statement correctly describes what happens to parent entities during consolidation?

A) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
B) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
C) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
D) The changes in the relational database are synced to the underlying Essbase cube.

4. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Ending Rate
B) Local Rate
C) Average Rate
D) Opening Rate

5. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) PQR
B) H 1 and P 2
C) Hickory and Paducah
D) No elimination is performed, because H 1 and P 1 do not have the same parent.

Solutions: