Oracle 1Z0-1081-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1081-22 Online Questions & Answers

• Question 1:

  Three child entities A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
  B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
  C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
  D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

  B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

• Question 2:

  Which statement is true regarding Data Management categories?

  A. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
  B. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
  C. Application mapping is not required if the global mapping target category is exactly correct.
  D. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
  B. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

• Question 3:

  If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

  A. The alias of the associated Intercompany member is automatically updated.
  B. The associated Intercompany member must be manually removed.
  C. The associated Intercompany member is automatically removed.
  D. The alias of the associated Intercompany member must be manually changed.
  A. The alias of the associated Intercompany member is automatically updated.

• Question 4:

  Which statement correctly describes the Consolidation dimension?

  A. The dimension allows users to see input versus journal adjustment data.
  B. The dimension contains members to store non-controlling interest and joint venture data.
  C. The dimension uses a separate member for data from an entity's level zero descendants.
  D. The dimension allows users to view data in the parent currency.
  D. The dimension allows users to view data in the parent currency.

• Question 5:

  Which statement is FALSE when enabling a Multi-GAAP application?

  A. Two custom dimensions are available after enabling Multi-GAAP.
  B. The Multi-GAAP dimension is optional.
  C. The system automatically creates an FCCS_IFRS member.
  D. Additional GAAP adjustment can be created.
  A. Two custom dimensions are available after enabling Multi-GAAP.

• Question 6:

  Which four sample ratios can be created during the application creation process? (Choose four.)

  A. Inventory Ratios
  B. Contribution Margin
  C. Debt Ratio
  D. Earnings per Share
  E. Days Sales in Receivables
  F. Gross Margin
  A. Inventory Ratios
  C. Debt Ratio
  E. Days Sales in Receivables
  F. Gross Margin

• Question 7:

  Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

  A. FCCS_Amount_Override
  B. FCCS_Rate Override
  C. FCCS_Contribution
  D. FCCS_Proportion
  E. FCCS_Elimination
  F. FCCS_Translation
  B. FCCS_Rate Override
  E. FCCS_Elimination

• Question 8:

  Which statement is FALSE when setting up Shared Entities?

  A. The calculation status will not change in all instances when data is changed in one instance.
  B. The Data Storage Member Property must set to "Dynamic Calc".
  C. You build an alternate hierarchy by using partial share Entity members.
  D. When data is posted to one shared entity, the data is posted to all instances.
  A. The calculation status will not change in all instances when data is changed in one instance.

• Question 9:

  You are required to create a form to allow users to input data.

  Which three actions or form components selected should accomplish this?

  A. Set the currency on the form to the reporting currency member USD_Reporting
  B. Level 0 dimension members on POV, rows and columns
  C. Give data input users WRITE access to form dimension members
  D. Set access rights for data input users to the form
  B. Level 0 dimension members on POV, rows and columns
  C. Give data input users WRITE access to form dimension members
  D. Set access rights for data input users to the form

• Question 10:

  Which statement accurately describes alternate hierarchies?

  A. Single entities having multiple parents
  B. Parent members having the same currency
  C. Contribution to parent members are similar
  D. Data must be entered multiple times for shared members
  A. Single entities having multiple parents