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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting the primary instance of a member does not include shared members.
B) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
C) If a shared member is selected for a rule, the primary instance of the member is selected as well.
D) Selecting a shared member for a rule does not include its primary instance.

2. For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

A) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
B) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
C) Edit the numbers using a web form or Smart View after consolidating.
D) Create an on-demand rule in Calculation Manager that you run after consolidation.

3. What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

A) FCCS_Contribution
B) FCCS_Parent Currency
C) FCCS_Entity Total
D) FCCS_Entity Consolidation

4. For your
business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?

A) Delete the default Approval Unit hierarchy.
B) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
C) Select as owners only users with the Service Administrator or Power User security role.
D) Select the Consolidation template when setting up the Approval Unit hierarchy.

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

Solutions: