Free Oracle 1Z0-1081-24 Exam Questions

Become Oracle Certified with updated 1Z0-1081-24 exam questions and correct answers

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Total 168 Questions | Updated On: May 04, 2024

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Question 1

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new

Schedule each month?

A : en the tasks are repeatable over multiple close cycles

B : when the tasks require consistent definition across close schedules

C : when the tasks are often late in completion and they need to be monitored more closely

D : when the tasks require multiple levels of approvers

Answer: A

Question 2

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A : Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

B : Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C : CS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

D : CS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

Answer: C,D

Question 3

Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A : The ICP dimension is omitted.

B : The FCCS No Intercompany member of the ICP dimension is used for all data.

C : Data can be stored by the intercompany partner but no eliminations occur

D : An extra custom dimension is available.

Answer: A

Question 4

When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can

be made?

A : y number of months can be selected

B : 12-month only

C : 12-month and 13-month

D : 12-month, 13-month and a 14-month

Answer: C

Question 5

For your business process, owners of approval units should be able to lock and unlock data without going.

through an approval process.

Which action should you perform?

A : Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

B : lect the Consolidation template when setting up the Approval Unit hierarchy.

C : lete the default Approval Unit hierarchy.

D : lect as owners only users with the Service Administrator or Power User security role.

Answer: B

Page: 1 / 34

Total 168 Questions | Updated On: May 04, 2024

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