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

Oracle 1Z0-1081-24 Online Questions & Answers

• Question 31:

  When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

  A. Plug Account
  B. Intercompany Account
  C. Is Plug Account
  D. Intercompany Entity
  C. Is Plug Account

• Question 32:

  Which three are seeded data forms created during business process creation?

  A. Exchange Rate Multi-period
  B. Override Rates
  C. Shares Outstanding
  D. Data Status
  E. Headcount
  A. Exchange Rate Multi-period
  B. Override Rates
  D. Data Status

• Question 33:

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

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  Explanation/Reference:

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

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

• Question 34:

  What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

  A. Store
  B. Never Share
  C. No Rate
  D. Dynamic Calc and Store
  E. Dynamic
  A. Store

• Question 35:

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

• Question 36:

  A company has two subsidiaries with 1000 EURO each in the Cash account. Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)

  A. FCCS_Elimination
  B. FCCS_Proportion
  C. FCCS_Entity Input
  D. FCCS_Entity Consolidation
  E. FCCS_Entity Total
  F. FCCS_Contribution
  C. FCCS_Entity Input
  D. FCCS_Entity Consolidation
  E. FCCS_Entity Total
  F. FCCS_Contribution

• Question 37:

  Which statement correctly describes what happens to parent entities during consolidation?

  A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
  B. The changes in the relational database are synced to the underlying Essbase cube.
  C. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
  D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
  A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

• Question 38:

  Which item describes the use for the Currency dimension property Triangulation Currency?

  A. The ability to force translations
  B. The ability to report in multiple currencies
  C. The ability to calculate foreign exchange rates
  D. The ability to calculate CTA (Cumulative Translation Adjustment)
  E. The ability to input foreign exchange rates
  C. The ability to calculate foreign exchange rates

• Question 39:

  Which statement is FALSE when setting up Shared Entities?

  A. The calculation status will not change in all instances when data is changed in one instance.
  B. The Data Storage Member Property must set to "Dynamic Calc".
  C. You build an alternate hierarchy by using partial share Entity members.
  D. When data is posted to one shared entity, the data is posted to all instances.
  A. The calculation status will not change in all instances when data is changed in one instance.

• Question 40:

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

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  Explanation/Reference:

  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