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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

A) ERP Cloud
B) Supplemental Data
C) ERP r12
D) Data Management

2. What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

A) enables the application to include Intercompany data.
B) enables the Elimination member in the Consolidation dimension
C) enables the application to perform Intercompany eliminations
D) process will separate total elimination values by Data Source.

3. Which statement correctly describes when a consolidation can occur within a given year/scenario?

A) A user has a power user access but only write access to the entity.
B) The current period consolidation status is Impacted and the remaining periods are OK.
C) A user with power user access first locks the entity so that other users cannot consolidate the same entity.
D) The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
E) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

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

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

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

Solutions: