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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) Consolidation
B) Movement
C) View
D) Account

2. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Data Input
B) FCCS Entity Input
C) FCCS Proportion
D) FCCS Total input And Adjusted

3. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
B) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
C) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

4. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Minority Interest Percentage
B) Control
C) Consolidation Method
D) Ownership Percentage
E) Consolidation Percentage

5. For which scenario would an On-Demand rule be an appropriate solution?

A) To import data into a form or Smart View worksheet
B) To allocate data to base entities prior to consolidation
C) To perform a custom currency translation for a subset of accounts
D) To add a column with a calculation to a report

Solutions: