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

• Question 31:

  Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc. Which process produces USD balances for Company IOU?

  A. A translation to the USD_Reporting currency member for Company IOU

  B. A translation of Company IOU

  C. A consolidation of Company 123

  D. A consolidation of Company XYZ

  E. A translation of Company XYZ to Parent Currency

  Correct Answer: E

• Question 32:

  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

  Correct Answer: ABCF

  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 33:

  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

  Correct Answer: BCD

  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 34:

  How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

  A. Enable a dimension for Currency after application creation via a Metadata load.

  B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.

  C. During application creation, select the Multicurrency option of "Yes".

  D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

  Correct Answer: A

  Enable a dimension for Currency after application creation via a Metadata load.

  Reference: https://alexandertechniqueworkshops.com/5dmqxf1u/55aba3-fccs-currency-dimension

• Question 35:

  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.

  Correct Answer: BE

• Question 36:

  You are required to create a form that allows users to input data. Which three actions are consistent with this?

  A. In the member selection for Entity, do not include shared entities, include only primary instances of entities.

  B. Select level 0 dimension members for the POV, rows, and columns.

  C. Set the currency on the form to Parent Currency.

  D. Grant the data input users WRITE access to the dimension members used on the form.

  E. Set the consolidation member on the form to FCCS_Entity Input.

  Correct Answer: BDE

  For bottom-up versions, rows and columns with level 0 members allow data entry. Administrators have write access to all dimension members and to all forms. Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/ form_design_considerations.html https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html

• Question 37:

  To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?

  A. Intercompany Accounts

  B. Intercompany Partners

  C. Intercompany Plug Accounts

  D. Elimination Consolidation Dimension member

  Correct Answer: B

  Intercompany Partner (ICP) Matching reports list the intercompany transactions that are eliminated during consolidation. Intercompany transactions are managed across the Intercompany Partner dimension. Reference: https://docs.oracle.com/cd/E57185_01/HFMAG/ch09s02.html

• Question 38:

  Which two are required fields when registering a source system in Data Management?

  A. Source System Type

  B. Cloud Type

  C. Drill Through URL

  D. Name

  Correct Answer: CD

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/erpia/registering_file-based_source_systems.html

• Question 39:

  The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting. To define a Close Manager task template to monitor all seven days, which day range should you define?

  A. Day -3 to Day 4

  B. Day -3 to Day 3

  C. Day 1 to Day 7

  D. Day -2 to Day 4

  Correct Answer: C

• Question 40:

  For which scenario would an On-Demand rule be an appropriate solution?

  A. to perform a custom currency translation for a subset of accounts

  B. to add a column with a calculation to a report

  C. to copy data from one scenario to a different scenario

  D. to allocate data to base entities prior to consolidation

  Correct Answer: C

  Copy data from one scenario to another one.

  Reference: https://neonn.com/alwayson/demand-rules-hfm/