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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about running consolidations?

A) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
B) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
C) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
D) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

2. Which statement is true of journals created from Recurring templates?

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

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

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

4. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) PQR
B) No elimination is performed, because H 1 and P 1 do not have the same parent.
C) H 1 and P 2
D) Hickory and Paducah

5. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) Grant the data input users Write access to the dimension members used on the form.
B) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
C) Select level 0 dimension members for POV\ rows, and columns. www*'
D) Set the currency on the form to Parent Currency.
E) Set the consolidation member on the form to FCCS Entity Input.

Solutions: