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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is correct regarding intercompany eliminations?

A) Intercompany eliminations are needed when a company divests itself of a division.
B) Intercompany eliminations are generally required to remove the effect of transactions within the company.
C) Intercompany eliminations are required for sustainability reporting to show the company's waste output.
D) Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

2. 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) Delete the default Approval Unit hierarchy.
B) Select as owners only users with the Service Administrator or Power User security role.
C) Select the Consolidation template when setting up the Approval Unit hierarchy.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

3. Which two are required fields when registering a source system in Data Management?

A) Name
B) Drill Through URL
C) Source System Type
D) Cloud Type

4. A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A) Common Stock must have a Data Storage property set to Never Share.
B) USD must be created as a reporting currency.
C) Common Stock must have an Exchange Rate Type set to Historical Rate Override.
D) The subsidiary must have a parent entity with a GBP currency.
E) The subsidiary must have a balance not equal to zero in Common Stock.

5. For which three levels can Profiles be set in Data Management?

A) Source System
B) Application
C) Category
D) System
E) User

Solutions: