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

1Z0-1081-22 Exam Details

  • Exam Code
    :1Z0-1081-22
  • Exam Name
    :Oracle Financial Consolidation and Close 2022 Implementation Professional
  • Certification
    :Oracle Certifications
  • Vendor
    :Oracle
  • Total Questions
    :116 Q&As
  • Last Updated
    :May 28, 2026

Oracle 1Z0-1081-22 Online Questions & Answers

  • Question 91:

    Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

    A. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
    B. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
    C. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
    D. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

  • Question 92:

    An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month. What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

    A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
    B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
    C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
    D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.

  • Question 93:

    What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

    A. This setting does not affect aggregation to the parent.
    B. You cannot load data to this account.
    C. Add amounts aggregated to the parent.
    D. Subtract amounts aggregated to the parent.

  • Question 94:

    How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

    A. by selecting Application, then Overview, then Dimensions, and then Export
    B. by selecting Dimension, then Import, and then Metadata
    C. by selecting Application, then Overview, then Dimensions, and then Import
    D. by selecting Tasks, then Metadata, and then Import

  • Question 95:

    PQR Company has the ownership structure shown above. If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?

    A. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
    B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
    C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
    D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1

  • Question 96:

    If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?

    A. The FCCS_No Intercompany member of the ICP dimension is used for all data.
    B. The ICP dimension is omitted.
    C. An extra custom dimension is available.
    D. Data can be stored by intercompany partner but no eliminations will occur.

  • Question 97:

    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 as well as detailed data source tracking and an automated cash flow
    D. calculations, dashboards and reports built on planning frameworks to provide cash flow planning

  • Question 98:

    Which three scenarios result in foreign currency translation during the default consolidation process?

    A. A parent entity has a different default currency than its parent.
    B. A parent entity has the same default currency as its parent.
    C. A base entity has a different default currency than its parent.
    D. A base entity has the same default currency as its parent.
    E. A shared entity has a different default currency than its parent

  • Question 99:

    On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

    A. the third Friday of each month to apply to both TEST and PROD simultaneously
    B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
    C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
    D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD

  • Question 100:

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

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

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