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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

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

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

Question 2

Which statement is true of journals created from Recurring templates?

A. The line items in journals created from Recurring templates are read only.
B. The initial status of journals created from Recurring templates is Approved.
C. Journals for recurring templates are created automatically when you open a period for journals.
D. The initial status of journals created from Recurring templates is Posted.

Question 3

Which statement is FALSE about the Equity Pickup feature?

A. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
B. Equity Pickup rules are run on demand from the Rules card by users with launch permission.
C. Equity Pickup rules run as part of the consolidation process
D. Seeded rule sets are provided for Equity Pickup.

Question 4

Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A. FX Rates - Opening
B. FX Rates - Historical
C. FX Rates - None
D. FX Rates - Average
E. FX Rates - Ending

Question 5

Which statement is true of reporting currencies?

A. All input currencies that you add are automatically added as reporting currencies as well.
B. During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C. When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
D. All reporting currency members have the suffix Reporting.

Solutions: