Oracle 1Z0-1081-24 Online Practice Questions and Exam Preparation

Oracle 1Z0-1081-24 Online Questions & Answers

• Question 91:

  Which statement is true regarding shared members and valid intersection rules?

  A. Shared members are supported in valid intersection rules
  B. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
  C. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
  D. Shared members are not supported in valid intersection rules
  C. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
  D. Shared members are not supported in valid intersection rules

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  Explanation/Reference:

  Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule. Reference: https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/ admin_valid_intersections_shared_members_and_rules_102x58c8d618.html

• Question 92:

  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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  Explanation/Reference:

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

• Question 93:

  Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

  A. Ensure security of sensitive data.
  B. Integrate with source systems.
  C. Provide predictive analysis and modeling.
  D. Provide a strong compliance framework that includes auditing and segregation of duties.
  A. Ensure security of sensitive data.
  B. Integrate with source systems.
  D. Provide a strong compliance framework that includes auditing and segregation of duties.

• Question 94:

  What is the correct Currency dimension member to select when running an Intercompany Matching Report?

  A. Input Currency
  B. Reporting Currency
  C. Entity Currency
  D. Parent Currency
  B. Reporting Currency

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  Explanation/Reference:

  Currency (Must be a Reporting Currency)

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/usfcc/ setting_up_intercompany_matching_reports.html

• Question 95:

  A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD. Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

  A. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
  B. The subsidiary must have a balance not equal to zero in Common Stock.
  C. Common Stock must have a Data Storage property set to Never Share.
  D. USD must be created as a reporting currency.
  E. The subsidiary must have a parent entity with a GBP currency.
  B. The subsidiary must have a balance not equal to zero in Common Stock.
  E. The subsidiary must have a parent entity with a GBP currency.

• Question 96:

  When defining a batch in Data Management, which statement is True?

  A. Each data load rule must specify the period or the batch will default to the POV period.
  B. Batches can import from source or export to target, but not both.
  C. Batches can execute data loads for multiple locations.
  D. A batch replaces the need for data load rules.
  E. A batch can load to multiple plan types.
  C. Batches can execute data loads for multiple locations.

• Question 97:

  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.

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  Explanation/Reference:

• Question 98:

  Which two statements are correct with regard to Data Management locations? (Choose two.)

  A. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
  B. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
  C. Locations can share dimension member mappings by specifying a location as a parent location of others.
  D. The logic account group is required in order to effect running of calculations after the data load.
  E. Locations must specify an import format, which may be used by other locations.
  F. Data load rules can be shared across locations.
  C. Locations can share dimension member mappings by specifying a location as a parent location of others.
  E. Locations must specify an import format, which may be used by other locations.

• Question 99:

  Which two statements are true about Cash Flow in the Movement dimension?

  A. When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member to the FCCS_CashFlow hierarchy.
  B. The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow hierarcy.
  C. You can add shared members to the FCCS_CashChange hierarchy.
  D. The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the FCCS_CashFlow hierarchy.
  A. When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member to the FCCS_CashFlow hierarchy.
  B. The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow hierarcy.

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  Explanation/Reference:

• Question 100:

  Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

  A. Select Application, then Overview, then Data, and then Export
  B. Select Application, then Overview, then Actions, and then Import Data
  C. Select Dimensions, then Actions, and then Import Data
  D. Select Import, then Actions, and then Data
  B. Select Application, then Overview, then Actions, and then Import Data