Oracle Oracle Certifications 1Z0-1081-20 Questions & Answers

• Question 31:

  What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

  A. The data export format / file extension is always extracted in a XLS file format.

  B. The data export format / file extension is always extracted in a ZIP file format.

  C. The data export format / file extension is always extracted in a DAT file format.

  D. The data export format / file extension is always extracted in a CSV file format.

  Correct Answer: D

  The system creates an export file for each artifact (.csv).

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation- cloud/agfcc/

  metadata_export.html

• Question 32:

  Which statement is true of the default FCCS_ members within an application?

  A. You can change the default FCCS_ member prefix at application creation.

  B. You can change the Alias.

  C. You can change the Data Storage property.

  D. You can change the Name.

  Correct Answer: B

  The member names of the seeded accounts cannot be changed, but the aliases can. Reference: https://www.google.com/search?sxsrf=ALeKk01vTIkJ0rm1WblV1PEXOSkSLx2BmA% 3A1613856380969andei=fH4xYLrqOoj4gQbWz7-oDwandq=default+FCCS_+members+within+an+application +can +change+the+Aliasandoq=default+FCCS_+members+within+an+application+can+change+the +Aliasandgs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXA BGDQwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQEandsclient=gwswizandve d=0 ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0anduact=5

• Question 33:

  How can the Intercompany dimension be enabled within your application?

  A. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.

  B. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.

  C. During application creation, select the Intercompany Data option.

  D. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.

  Correct Answer: A

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ intercompany_property_for_entities.html

• Question 34:

  Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

  A. FCCS_Journal Input

  B. FCCS_PCON

  C. FCCS_Intercompany Eliminations

  D. FCCS_No Data Source

  Correct Answer: AC

  Optional - Only if selected during application creation.

  Reference: https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII20191116111928.pdf

• Question 35:

  Financial Consolidation and Close maintains calculation status for which four dimensions?

  A. Data Source

  B. Scenario

  C. Year

  D. Entity

  E. Consolidation

  F. Period

  Correct Answer: BDEF

  Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period,

  Entity and Parent entity combination. The calculation status indicates whether data needs to be translated

  or consolidated.

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation- cloud/agfcc/consol_calc.html

• Question 36:

  When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

  A. Chart

  B. Grid

  C. Image

  D. Header

  Correct Answer: AB

  Report objects include: Grids Text Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/frweb/ GUID-3559E92E-0EC6-42F8-BB48-97875171067E.pdf

• Question 37:

  Once metadata is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

  A. Impacted

  B. Need Translate

  C. OK

  D. System Changed (SC)

  Correct Answer: D

  The entity's calculation status must be OK, No Data, or System Change. You cannot lock an entity with

  Impacted calculation status.

  Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/

  locking_and_unlocking_entities.html

• Question 38:

  The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting. To define a Close Manager task template to monitor all seven days, which day range should you define?

  A. Day -3 to Day 4

  B. Day -3 to Day 3

  C. Day 1 to Day 7

  D. Day -2 to Day 4

  Correct Answer: C

• Question 39:

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

  A. to perform a custom currency translation for a subset of accounts

  B. to add a column with a calculation to a report

  C. to copy data from one scenario to a different scenario

  D. to allocate data to base entities prior to consolidation

  Correct Answer: C

  Copy data from one scenario to another one.

  Reference: https://neonn.com/alwayson/demand-rules-hfm/

• Question 40:

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

  A. Source System Type

  B. Cloud Type

  C. Drill Through URL

  D. Name

  Correct Answer: CD

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/erpia/ registering_file-based_source_systems.html