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

• Question 21:

  What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

  A. Base Currency

  B. Parent Currency

  C. Local Currency

  D. Entity Currency

  Correct Answer: D

  FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.

• Question 22:

  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

  Correct Answer: B

  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 23:

  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.

  Correct Answer: D

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

• Question 24:

  Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?

  A. Ownership Percentage

  B. Control

  C. Consolidation Method

  D. Consolidation Percentage

  E. Minority Interest Percentage

  Correct Answer: BCD

  The Consolidation Method and Control setting can be manually changed if needed.

  Reference: https://www.schgroup.com/resource/blog-post/major-functionality-release-manage- ownershiporacle-fccs/

• Question 25:

  When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

  A. Chart

  B. Grid

  C. Image

  D. Header

  Correct Answer: AB

  Report objects include: Grids Text Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/frweb/GUID-3559E92E-0EC6-42F8-BB48-97875171067E.pdf

• Question 26:

  Financial Consolidation and Close maintains calculation status for which four dimensions?

  A. Data Source

  B. Scenario

  C. Year

  D. Entity

  E. Consolidation

  F. Period

  Correct Answer: BDEF

  Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated. Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation- cloud/agfcc/consol_calc.html

• Question 27:

  Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

  A. FCCS_Journal Input

  B. FCCS_PCON

  C. FCCS_Intercompany Eliminations

  D. FCCS_No Data Source

  Correct Answer: AC

  Optional - Only if selected during application creation.

  Reference: https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII- 20191116111928.pdf

• Question 28:

  How can the Intercompany dimension be enabled within your application?

  A. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.

  B. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.

  C. During application creation, select the Intercompany Data option.

  D. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.

  Correct Answer: A

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

• Question 29:

  Which statement is true of the default FCCS_ members within an application?

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

  B. You can change the Alias.

  C. You can change the Data Storage property.

  D. You can change the Name.

  Correct Answer: B

  The member names of the seeded accounts cannot be changed, but the aliases can. Reference: https://www.google.com/search?sxsrf=ALeKk01vTIkJ0rm1WblV1PEXOSkSLx2BmA% 3A1613856380969andei=fH4xYLrqOoj4gQbWz7-oDwandq=default+FCCS_+members+within+an+application+can +change+the+Aliasandoq=default +FCCS_+members+within+an+application+can+change+the +Aliasandgs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXA BGDQwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQEandsclient=gwswizandved=0 ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0anduact=5

• Question 30:

  What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

  A. The data export format / file extension is always extracted in a XLS file format.

  B. The data export format / file extension is always extracted in a ZIP file format.

  C. The data export format / file extension is always extracted in a DAT file format.

  D. The data export format / file extension is always extracted in a CSV file format.

  Correct Answer: D

  The system creates an export file for each artifact (.csv).

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