Oracle 1Z0-1081-24 : Oracle Financial Consolidation and Close 2024 Implementation Professional

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What is the correct Currency dimension member to select when running an Intercompany Matching Report?

A) Reporting Currency
B) Parent Currency
C) Input Currency
D) Entity Currency

2. A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?

A) Activate the Connection.
B) Change one of the Row or Column dimension members and click Refresh.
C) Close out of Excel, and relog in to Smart View.
D) Disconnect from the Smart View connection, and relog in.

3. What action requires refreshing the database?

A) You edit the Consolidation Operator for a member in the Account dimension.
B) You edit the alias for a member in the Entity dimension.
C) You deploy a new Configurable Calculation rule in Calculation Manager.
D) You change the ownership percentage for an entity.

4. Which statement correctly describes what happens to parent entities during consolidation?

A) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
B) The changes in the relational database are synced to the underlying Essbase cube.
C) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
D) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.

5. Which statement
is FALSE when Intercompany Data is enabled?

A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
C) Tracking intercompany eliminations is optional.
D) Intercompany accounts are assigned plug accounts.

Solutions: