Oracle 1z0-1081-23 : Oracle Financial Consolidation and Close 2023 Implementation Professional

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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A. Intercompany Account
B. Intercompany Entity
C. Is Plug Account
D. Plug Account

Question 2

Which two are members in the Consolidation dimension? (Choose two.)

A. FCCS Total input And Adjusted
B. FCCS Data Input
C. FCCS Entity Input
D. FCCS Proportion

Question 3

Which statement about Opening Balance Override rules is true?

A. They are available only if Intercompany Data with Tracking is enabled for the business process.
B. You can select which accounts to include in the rule scope.
C. Opening Balance Override rules execute for the first period in the year only.
D. You can select which entities to include in the rule scope.

Question 4

Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A. Import journals
B. Load a data file
C. Run a business rule
D. Export metadata

Question 5

Which statement is true of reporting currencies?

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

Solutions: