Free Oracle 1Z0-1164-1 Exam Questions

Question 1

What is the outcome of a standardized reconciliation process?

A : Reconciliations that are completed only for primary business segments

B : Uniform and repeatable close validations for every cycle

C : Reconciliation steps that change with each reporting period unpredictably

Answer: B

Question 2

An irregularity is detected ina department's monthly forecasted expenses, significantly deviating from historical and predicted trends.Which option indicates the metric and/or Oracle EPM capability that supports investigating and explaining this deviation?

A : Prediction and anomaly insights

B : Comprehensive period closure

C : Rolling forecast versus predictions

D : Forecast variance and bias insights

Answer: A

Question 3

An irregularity is detected ina department's monthly forecasted expenses, significantly deviating from historical and predicted trends.Which option indicates the metric and/or Oracle EPM capability that supports investigating and explaining this deviation?

A : Prediction and anomaly insights

B : Comprehensive period closure

C : Rolling forecast versus predictions

D : Forecast variance and bias insights

Answer: A

Question 4

What is the outcome of a standardized reconciliation process?

A : Reconciliations that are completed only for primary business segments

B : Uniform and repeatable close validations for every cycle

C : Reconciliation steps that change with each reporting period unpredictably

Answer: B

Question 5

An irregularity is detected ina department's monthly forecasted expenses, significantly deviating from historical and predicted trends.Which option indicates the metric and/or Oracle EPM capability that supports investigating and explaining this deviation?

A : Prediction and anomaly insights

B : Comprehensive period closure

C : Rolling forecast versus predictions

D : Forecast variance and bias insights

Answer: A