Oracle Oracle Certifications 1Z0-1081-24 Questions & Answers

• Question 111:

  Which statement is correct regarding intercompany eliminations?

  A. Intercompany eliminations are generally required to remove the effect of transactions within the company.

  B. Intercompany eliminations are required for sustainability reporting to show the company's waste output.

  C. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

  D. Intercompany eliminations are needed when a company divests itself of a division.

  Correct Answer: A

• Question 112:

  Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

  A. Source Type

  B. Drill URL

  C. Cloud Type

  D. Description

  E. Name

  Correct Answer: ADE

• Question 113:

  Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?

  A. Load data to this account.

  B. Create member formulas.

  C. Load data to this account and create member formulas.

  D. Enter data through a data form

  Correct Answer: C

• Question 114:

  Which two statements are true regarding the Copy Data function?

  A. You can copy data for historical rate and amount overrides.

  B. You cannot select which Account members to copy.

  C. You can select which Consolidation dimension member to copy.

  D. When you select the Regular Data option, journals data is included.

  Correct Answer: AD

  You can copy these types of data:

  Regular Data (including journals)

  Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts

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

• Question 115:

  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

  Correct Answer: ACE

• Question 116:

  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.

  Correct Answer: CE