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

• Question 41:

  Once metadata is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

  A. Impacted

  B. Need Translate

  C. OK

  D. System Changed (SC)

  Correct Answer: D

  The entity's calculation status must be OK, No Data, or System Change. You cannot lock an entity with Impacted calculation status. Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ locking_and_unlocking_entities.html

• Question 42:

  You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules. Which type of report can you run to accomplish this?

  A. Consolidation Report

  B. Journal Report

  C. Intercompany Report

  D. Financial Report

  Correct Answer: A

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

• Question 43:

  In the Movement dimension, for which two can you modify the default translation calculation?

  A. Base-level members under FCCS_Mvmts Subtotal

  B. Opening Balance

  C. Closing Balance

  D. Opening Balance Input

  Correct Answer: AB

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM- INFORMATIONDEVELOPMENT-TEAM-E93973-628A1C2A.pdf http://www.allreadable.com/3128VWfe

• Question 44:

  Which two statements are true of the roll forward calculation in the Movement dimension?

  A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

  B. Translated values for Closing Balance are adjusted to the ending rate for the period.

  C. Values for Opening Balance are retrieved from the prior period Closing Balance.

  D. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

  Correct Answer: BC

  If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.

  Opening balance is calculated from the prior period's Closing Balance.

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

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

• Question 45:

  What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

  A. This setting does not affect aggregation to the parent.

  B. You cannot load data to this account.

  C. Add amounts aggregated to the parent.

  D. Subtract amounts aggregated to the parent.

  Correct Answer: C

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

• Question 46:

  Which four sample ratios can be selected during business process creation?

  A. Inventory Ratios

  B. Gross Margin

  C. Contribution Margin

  D. Earnings per Share

  E. Debt Ratio

  F. Days Sales in Receivables

  Correct Answer: BCDF

• Question 47:

  Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

  A. Period, Year, Entity

  B. From Currency, Movement, Scenario

  C. Multi-GAAP, Data Type, Intra-company

  D. Value, Entity, Account

  E. Data source, Consolidation, View

  Correct Answer: A

• Question 48:

  You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

  A. The new task will run outside of the schedule end date.

  B. An error, you can't add a new task past the due date.

  C. The schedule end date changes to match the end date of the task.

  D. The task will not run.

  Correct Answer: C

  When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date. Reference: https://support.microsoft.com/en-us/office/how-project-schedules-tasks-behind-the- scenesdf3431ab-8d8a-4047-afc6-a87b547dbac0

• Question 49:

  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.

  Correct Answer: B

• Question 50:

  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

  Correct Answer: CDEF