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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Period
B) Data Source (Entity)
C) Account
D) Year
E) Scenario

2. For data load rules in Data Management, which two statements are FALSE?

A) Data load rules cannot be shared across locations.
B) Valid load types are Merge and Replace.
C) End users can upload a file when running a data load rule.
D) A job must first run to import the data file before the user can run the data load rule.
E) If specified, the import format will be used; if not, then the location's format will be used.

3. Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A) Entity, Consolidation, Currency
B) Consolidation, Currency, Account
C) Entity, Currency, Account
D) Currency, Account, Movement

4. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) Locations must specify an import format, which may be used by other locations.
B) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
C) Data load rules can be shared across locations.
D) The logic account group is required in order to effect running of calculations after the data load.
E) Locations can share dimension member mappings by specifying a location as a parent location of others.
F) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.

5. 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 order relation
B) First common parent
C) Lowest common denominator
D) Generation 0

Solutions: