Oracle 1Z0-1081-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1081-20 Online Questions & Answers

• Question 61:

  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. Data Management
  D. ERP r12
  B. Supplemental Data
  C. Data Management

• Question 62:

  In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

  A. when the tasks are repeatable over multiple close cycles
  B. when the tasks require consistent definition across close schedules
  C. when the tasks are often late in completion and they need to be monitored more closely
  D. when the tasks require multiple levels of approvers
  A. when the tasks are repeatable over multiple close cycles

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  A task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.D18912E1457D5D1DDCBD40AB3BF70D5D Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ cm_templates_managing.html

• Question 63:

  When can the Intercompany Dimension be enabled and n=made visible within your application?

  A. during application creation and selecting Multi-source Data Input of Other Data
  B. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
  C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
  D. during application creation and selecting the Intercompany Data feature option
  D. during application creation and selecting the Intercompany Data feature option

• Question 64:

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

  A. A base entity currency has a parent entity with a matching default 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 parent entity has a different currency from its parent.
  E. A shared entity has a parent with a different currency.
  B. A base entity currency has a parent entity with a different default currency.
  D. A parent entity has a different currency from its parent.
  E. A shared entity has a parent with a different currency.

• Question 65:

  What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

  A. The data export format / file extension is always extracted in a XLS file format.
  B. The data export format / file extension is always extracted in a ZIP file format.
  C. The data export format / file extension is always extracted in a DAT file format.
  D. The data export format / file extension is always extracted in a CSV file format.
  D. The data export format / file extension is always extracted in a CSV file format.

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  The system creates an export file for each artifact (.csv).

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation- cloud/agfcc/metadata_export.html

• Question 66:

  Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

  A. Period, Year, Entity
  B. From Currency, Movement, Scenario
  C. Multi-GAAP, Data Type, Intra-company
  D. Value, Entity, Account
  E. Data source, Consolidation, View
  A. Period, Year, Entity

• Question 67:

  When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

  A. Member Formulas cannot be created
  B. load data to this account and make member formulas
  C. load data to this account
  D. create Member Formulas
  B. load data to this account and make member formulas
  D. create Member Formulas

• Question 68:

  What are two important first steps in initially setting up Task Manager?

  A. Set up Users.
  B. Define system settings such as Organization units, Holiday rules and Task attachment size.
  C. Assign tasks to users.
  D. Create a schedule and set it to Open status.
  A. Set up Users.
  B. Define system settings such as Organization units, Holiday rules and Task attachment size.

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  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ cm_close_process_overview.html

• Question 69:

  Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?

  A. 3-3-3-3
  B. 3-3-3-4
  C. 4-4-4-4
  D. 4-4-4-5
  B. 3-3-3-4

• Question 70:

  Audit is enabled by default for which task categories?

  A. Data only
  B. All task categories
  C. No task categories
  D. Metadata Administration and Security
  A. Data only

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  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting- cloud/pfusa/audit_overview.html