Oracle Oracle Financial Consolidation and Close Cloud Service 1Z0-1081-22 Questions & Answers

• Question 101:

  What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

  A. this setting will not affect additions or subtractions to the next parent

  B. subtract amounts consolidated to the parent

  C. add amounts consolidated to the parent

  D. you can't load data to this account

  Correct Answer: B

• Question 102:

  Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

  A. Scenario, Account, Base Entity and Parent Entity

  B. Year, Scenario, Base Entity and Account

  C. Scenario, View, Parent Entity and Account

  D. Period, Scenario, Base Entity and Parent Entity

  Correct Answer: D

• Question 103:

  A company would like to capture Fixed Asset additions and disposals within the Movement dimension. Which three tasks are necessary to achieve this goal? (Choose three.)

  A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

  B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.

  C. Load detailed Fixed Asset data to Movement members.

  D. Add custom Movement members to the FCCS_CashFlow hierarchy.

  E. Create a Roll Forward in the account dimension.

  Correct Answer: ABC

• Question 104:

  What member of the Currency dimension should be used during data entry for historical override amounts?

  A. Parent Currency

  B. Input Currencies

  C. Reporting Currencies

  D. Entity Currency

  Correct Answer: C

• Question 105:

  What can the Intercompany Dimension be enabled and made visible within your application?

  A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

  B. during application creation and selecting the Intercompany Data feature option

  C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

  D. during application creation and selecting the Multi-source Data Input of Other Data

  Correct Answer: B

• Question 106:

  Which is true behavior of default FCCS_ members within an application?

  A. You can change the default FCCS_ member prefix at application creation.

  B. You can change the Alias of these default FCCS_ members at any time.

  C. You can change the Name of these default FCCS_ members at any time.

  D. You cannot change the Alias of these default FCCS_ members.

  Correct Answer: C

• Question 107:

  By default, security access is set to "None" for which three dimensions? (Choose three.)

  A. Movement

  B. Data Source

  C. Account

  D. Entity

  E. Year

  Correct Answer: BCD

• Question 108:

  Which item describes the use for the Currency dimension property Triangulation Currency?

  A. The ability to force translations

  B. The ability to report in multiple currencies

  C. The ability to calculate foreign exchange rates

  D. The ability to calculate CTA (Cumulative Translation Adjustment)

  E. The ability to input foreign exchange rates

  Correct Answer: C

• Question 109:

  What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

  A. Store

  B. Never Share

  C. No Rate

  D. Dynamic Calc and Store

  E. Dynamic

  Correct Answer: A

• Question 110:

  A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display. Which additional step is required to pull data in the new tab and change the POV?

  A. Disconnect from the Smart View connection, and relog in.

  B. Activate the Connection.

  C. Close out of Excel, and relog in to Smart View.

  D. Change one of the Row or Column dimension members and click Refresh.

  Correct Answer: D