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

• Question 81:

  

  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

  Correct Answer: A

• Question 82:

  What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

  A. FCCS_Entity Total

  B. FCCS_Parent Currency

  C. FCCS_Contribution

  D. FCCS_Entity Consolidation

  Correct Answer: C

• Question 83:

  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.

  Correct Answer: A

• Question 84:

  Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

  A. DAT file type

  B. Excel XLS file type

  C. Comma delimited

  D. Tab delimited

  Correct Answer: CD

• Question 85:

  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

  Correct Answer: BD

• Question 86:

  Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

  A. FCCS_Accounts Payable account member

  B. FCCS_CashFlow_Operating movement member

  C. FCCS_CashFlow_Accounts Payable account member

  D. FCCS_Total Balance Sheet ?Cash and NonCash account member

  E. FCCS_CashChange movement member

  Correct Answer: CD

• Question 87:

  

  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

  Correct Answer: C

• Question 88:

  On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

  A. the third Friday of each month to apply to both TEST and PROD simultaneously

  B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD

  C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD

  D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD

  Correct Answer: D

• Question 89:

  Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

  A. FCCS_Amount_Override

  B. FCCS_Rate Override

  C. FCCS_Contribution

  D. FCCS_Proportion

  E. FCCS_Elimination

  F. FCCS_Translation

  Correct Answer: BE

• Question 90:

  Which statement correctly describes the Consolidation dimension?

  A. The dimension contains members to store non-controlling interest and joint venture data.

  B. The dimension uses a separate member to store data from an entity's descendants.

  C. The dimension allows users to see input versus journal adjustment data.

  D. The dimension aggregates input, consolidated, and elimination data together.

  Correct Answer: C