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

Oracle 1Z0-1081-24 Online Questions & Answers

• Question 71:

  Which explains why the Currency dimension does NOT display in your application?

  A. Security access to the Multi-GAAP dimension is required
  B. Multi-Currency option was not selected at application creation
  C. Entity-specific security rights were not properly granted
  D. Security has not been granted
  B. Multi-Currency option was not selected at application creation

• Question 72:

  

  PQR Company has the ownership structure shown above. If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

  A. First common parent
  B. Generation 0
  C. First order relation
  D. Lowest common denominator
  A. First common parent

• Question 73:

  For data load rules in Data Management, which two statements are FALSE?

  A. If specified, the import format will be used; if not, then the location's format will be used.
  B. A job must first run to import the data file before the user can run the data load rule.
  C. End users can upload a file when running a data load rule.
  D. Data load rules cannot be shared across locations.
  E. Valid load types are Merge and Replace.
  B. A job must first run to import the data file before the user can run the data load rule.
  E. Valid load types are Merge and Replace.

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  Explanation/Reference:

• Question 74:

  What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

  A. Base Currency
  B. Parent Currency
  C. Local Currency
  D. Entity Currency
  D. Entity Currency

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  Explanation/Reference:

  FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.

• Question 75:

  You are required to create a form to allow users to input data.

  Which three actions or form components selected should accomplish this?

  A. Set the currency on the form to the reporting currency member USD_Reporting
  B. Level 0 dimension members on POV, rows and columns
  C. Give data input users WRITE access to form dimension members
  D. Set access rights for data input users to the form
  B. Level 0 dimension members on POV, rows and columns
  C. Give data input users WRITE access to form dimension members
  D. Set access rights for data input users to the form

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  Explanation/Reference:

• Question 76:

  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)
  D. System Changed (SC)

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  Explanation/Reference:

  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 77:

  You need to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities. Where on the form do you place the Entity dimension?

  A. the Point of View
  B. rows
  C. columns
  D. the Page Axis
  A. the Point of View

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  Explanation/Reference:

  The point of view is displayed on the top of the form. Elements that can be changed are displayed as links in the point of view. For example, if the Entity dimension is displayed as a link, you can change the entity but not the other dimensions in the point of view. Reference: https://docs.oracle.com/cd/E57185_01/OHFMU/form_pov.htm#OHFMU- Webdataforms472213

• Question 78:

  Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

  A. Account
  B. From Currency
  C. Entity
  D. Currency
  B. From Currency

• Question 79:

  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
  E. A translation of Company XYZ to Parent Currency

• Question 80:

  Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

  A. A base entity currency has a parent entity with a matching default currency.
  B. A base entity currency has a parent entity with a different default currency.
  C. A parent entity has the same default currency as its parent.
  D. A parent entity has a different currency from its parent.
  E. A shared entity has a parent with a different currency.
  B. A base entity currency has a parent entity with a different default currency.
  D. A parent entity has a different currency from its parent.
  E. A shared entity has a parent with a different currency.