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

Oracle 1Z0-1081-24 Online Questions & Answers

• Question 21:

  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
  B. Data Source
  C. Account
  D. Entity

• Question 22:

  When can the Intercompany Dimension be enabled and n=made visible within your application?

  A. during application creation and selecting Multi-source Data Input of Other Data
  B. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
  C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
  D. during application creation and selecting the Intercompany Data feature option
  D. during application creation and selecting the Intercompany Data feature option

• Question 23:

  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
  B. Control
  C. Consolidation Method
  D. Consolidation Percentage

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  Explanation/Reference:

  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 24:

  Which statement about the Equity Pickup feature is FALSE?

  A. Seeded rule-sets are provided for Equity Pickup.
  B. Equity Pickup rules run as part of the consolidation process.
  C. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
  D. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
  B. Equity Pickup rules run as part of the consolidation process.

• Question 25:

  Which statement accurately describes alternate hierarchies?

  A. Single entities having multiple parents
  B. Parent members having the same currency
  C. Contribution to parent members are similar
  D. Data must be entered multiple times for shared members
  A. Single entities having multiple parents

• Question 26:

  For which three tasks can Data Management be used? (Choose three.)

  A. loading data that is period-to-date or year-to-date
  B. drilling through from a web form or Smart View
  C. loading data from a fixed width or delimited text file
  D. writing back data to source systems
  E. loading a Metadata Import File
  B. drilling through from a web form or Smart View
  C. loading data from a fixed width or delimited text file
  D. writing back data to source systems

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/erpia/integrate_file_104xd8fa487f.html https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/write- back.html https://docs.oracle.com/applications/smartview/810/UGSUG/ drill_through_procedure_102xd6eca4c6.htm#UGSUG-GUID-C221538B-5352-4742-A1A1- 18F16CE4D099

• Question 27:

  Which statement correctly describes the Consolidation dimension?

  A. The dimension contains members to store non-controlling interest and joint venture data.
  B. The dimension uses a separate member to store data from an entity's descendants.
  C. The dimension allows users to see input versus journal adjustment data.
  D. The dimension aggregates input, consolidated, and elimination data together.
  C. The dimension allows users to see input versus journal adjustment data.

• Question 28:

  To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

  A. Metadata Administrator
  B. Metadata Supervisor
  C. System Administrator
  D. Power User
  A. Metadata Administrator

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  Explanation/Reference:

  Service Administrators have Write access to all dimension members and to all forms.

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM- INFORMATIONDEVELOPMENT-TEAM-E93973-628A1C2A.pdf

• Question 29:

  Which four items are active components of the Currency dimension? (Choose four.)

  A. Entity Currency Adjustments
  B. Reporting Currencies
  C. Input Currencies
  D. Translated Currencies
  E. Entity Currency
  F. Parent Currency
  A. Entity Currency Adjustments
  B. Reporting Currencies
  C. Input Currencies
  F. Parent Currency

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  Explanation/Reference:

  You can create journals using the Entity Currency of the Currency dimension as well as Input Currencies for both Entity Input and Translated Currency Input. Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation- cloud/usfcc/creating_journals.html

• Question 30:

  Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

  A. FCCS_Accounts Payable account member
  B. FCCS_CashFlow_Operating movement member
  C. FCCS_CashFlow_Accounts Payable account member
  D. FCCS_Total Balance Sheet ?Cash and NonCash account member
  E. FCCS_CashChange movement member
  C. FCCS_CashFlow_Accounts Payable account member
  D. FCCS_Total Balance Sheet ?Cash and NonCash account member