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

Oracle 1Z0-1081-24 Online Questions & Answers

• Question 81:

  Which four sample ratios can be created during the application creation process? (Choose four.)

  A. Inventory Ratios
  B. Contribution Margin
  C. Debt Ratio
  D. Earnings per Share
  E. Days Sales in Receivables
  F. Gross Margin
  A. Inventory Ratios
  C. Debt Ratio
  E. Days Sales in Receivables
  F. Gross Margin

• Question 82:

  When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

  A. ERP Cloud
  B. Supplemental Data
  C. Data Management
  D. ERP r12
  B. Supplemental Data
  C. Data Management

• Question 83:

  What are two important first steps in initially setting up Task Manager?

  A. Set up Users.
  B. Define system settings such as Organization units, Holiday rules and Task attachment size.
  C. Assign tasks to users.
  D. Create a schedule and set it to Open status.
  A. Set up Users.
  B. Define system settings such as Organization units, Holiday rules and Task attachment size.

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  Explanation/Reference:

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

• Question 84:

  If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

  A. The alias of the associated Intercompany member is automatically updated.
  B. The associated Intercompany member must be manually removed.
  C. The associated Intercompany member is automatically removed.
  D. The alias of the associated Intercompany member must be manually changed.
  A. The alias of the associated Intercompany member is automatically updated.

• Question 85:

  

  PQR Company has the ownership structure shown above. If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?

  A. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
  B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
  C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
  D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
  C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

• Question 86:

  In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

  A. Movement of FX impact for historical rate accounts to the FCCS_CTA account
  B. A variance in the Average rate and the Ending rate
  C. The current FCCS_CTA account balance does not change from the prior period
  D. The account is FCCS_Net Income
  C. The current FCCS_CTA account balance does not change from the prior period

• Question 87:

  Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

  A. FCCS_Journal Input
  B. FCCS_PCON
  C. FCCS_Intercompany Eliminations
  D. FCCS_No Data Source
  A. FCCS_Journal Input
  C. FCCS_Intercompany Eliminations

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  Explanation/Reference:

  Optional - Only if selected during application creation.

  Reference: https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII- 20191116111928.pdf

• Question 88:

  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
  A. Period, Year, Entity

• Question 89:

  Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

  A. FCCS_No Data Source
  B. FCCS_Data Input
  C. FCCS_SystemTypes
  D. FCCS_Proportion
  D. FCCS_Proportion

• Question 90:

  What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

  A. enables the Elimination member in the Consolidation dimension
  B. process will separate total elimination values by Data Source.
  C. enables the application to include Intercompany data.
  D. enables the application to perform Intercompany eliminations
  B. process will separate total elimination values by Data Source.