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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

A) pre-built integrations to combine narrative and data to produce both internal and external reporting packages
B) calculations, dashboards and reports to provide analysis for cash flow modeling
C) calculations, dashboards and reports built on planning frameworks to provide cash flow planning
D) calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

2. 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) Minority Interest Percentage
B) Control
C) Consolidation Method
D) Ownership Percentage
E) Consolidation Percentage

3. Which statement about Opening Balance Override rules is true?

A) Opening Balance Override rules execute for the first period in the year only.
B) You can select which accounts to include in the rule scope.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) You can select which entities to include in the rule scope.

4. In the
Movement dimension, for which two can you modify the default translation calculation?

A) Opening Balance
B) Closing Balance
C) Opening Balance Input
D) Base-level members under FCCS_Mvmts Subtotal

5. Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A) A shared entity has a parent with a different currency.
B) A base entity currency has a parent entity with a different default currency.
C) A parent entity has the same default currency as its parent.
D) A base entity currency has a parent entity with a matching default currency.
E) A parent entity has a different currency from its parent.

Solutions: