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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is correct regarding intercompany eliminations?

A) Intercompany eliminations are required for sustainability reporting to show the company's waste output.
B) Intercompany eliminations are generally required to remove the effect of transactions within the company.
C) Intercompany eliminations are needed when a company divests itself of a division.
D) Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

2. An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

A) Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
B) Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
C) A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
D) A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.

3. Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

A) Cloud Type
B) Drill URL
C) Name
D) Description
E) Source Type

4. How do you navigate if you want to export a form to a Snapshot file?

A) From the Home page, select Tools, and then Migration.
B) From the Navigator menu, select Forms.
C) Open the form, select Actions, and then Export.
D) From the Home page, select Tools, and then Clone Snapshot.

5. Which two statements about the Copy Data function are true? (Choose two.)

A) When you select the Regular Data option, journals data is included.
B) You can copy data for historical rate and amount overrides.
C) You cannot select which Account members to copy.
D) You can select which Consolidation dimension member to copy.

Solutions: