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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. How do you navigate if you want to export a form to a Snapshot file?

A) Open the form, select Actions, and then Export.
B) From the Home page, select Tools, and then Migration.
C) From the Home page, select Tools, and then Clone Snapshot.
D) From the Navigator menu, select Forms.

3. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules run as part of the consolidation process
B) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
C) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
D) Seeded rule sets are provided for Equity Pickup.

4. Which three dimensions can be included in an approval group? (Choose three.)

A) Scenario
B) Account
C) Entity
D) Multi-GAAP
E) Movement

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

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

Solutions: