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

Oracle 1Z0-1081-24 Online Questions & Answers

• Question 61:

  A company would like to capture Fixed Asset additions and disposals within the Movement dimension. Which three tasks are necessary to achieve this goal? (Choose three.)

  A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
  B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
  C. Load detailed Fixed Asset data to Movement members.
  D. Add custom Movement members to the FCCS_CashFlow hierarchy.
  E. Create a Roll Forward in the account dimension.
  A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
  B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
  C. Load detailed Fixed Asset data to Movement members.

• Question 62:

  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
  C. Drill Through URL
  D. Name

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  Explanation/Reference:

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

• Question 63:

  What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

  A. this setting will not affect additions or subtractions to the next parent
  B. subtract amounts consolidated to the parent
  C. add amounts consolidated to the parent
  D. you can't load data to this account
  B. subtract amounts consolidated to the parent

• Question 64:

  A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution. Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

  A. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
  B. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
  C. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
  D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
  E. provide the ability to collaborate during close and analyse transaction detail in real time
  B. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
  D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

• Question 65:

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

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  Explanation/Reference:

  Copy data from one scenario to another one.

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

• Question 66:

  Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?

  A. Load data to this account.
  B. Create member formulas.
  C. Load data to this account and create member formulas.
  D. Enter data through a data form
  C. Load data to this account and create member formulas.

• Question 67:

  Which statement is false regarding establishing security for Financial Consolidation and Close?

  A. Security can be assigned at a prevent level.
  B. Security is mandatory for one dimension.
  C. The Identity Domain Administrator inherits full access privileges.
  D. All members are accessible for dimensions with no security applied.
  E. Security can be disabled for any dimension.
  D. All members are accessible for dimensions with no security applied.

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  Explanation/Reference:

  The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting. Reference: https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/ admin_security_predefined_roles_112x5e7954a4.html

• Question 68:

  Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

  A. A rate was entered into the FCCS_Rate Override account.
  B. An ownership percentage for the entity other than 100 was entered.
  C. An intercompany elimination was performed.
  D. The parent entity has a different currency than the child.
  C. An intercompany elimination was performed.

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  Explanation/Reference:

• Question 69:

  When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

  A. Member Formulas cannot be created
  B. load data to this account and make member formulas
  C. load data to this account
  D. create Member Formulas
  B. load data to this account and make member formulas
  D. create Member Formulas

• Question 70:

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

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  Explanation/Reference:

  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