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

• Question 41:

  To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?

  A. Intercompany Accounts

  B. Intercompany Partners

  C. Intercompany Plug Accounts

  D. Elimination Consolidation Dimension member

  Correct Answer: B

  Intercompany Partner (ICP) Matching reports list the intercompany transactions that are eliminated during consolidation. Intercompany transactions are managed across the Intercompany Partner dimension.

  Reference: https://docs.oracle.com/cd/E57185_01/HFMAG/ch09s02.html

• Question 42:

  You are required to create a form that allows users to input data. Which three actions are consistent with this?

  A. In the member selection for Entity, do not include shared entities, include only primary instances of entities.

  B. Select level 0 dimension members for the POV, rows, and columns.

  C. Set the currency on the form to Parent Currency.

  D. Grant the data input users WRITE access to the dimension members used on the form.

  E. Set the consolidation member on the form to FCCS_Entity Input.

  Correct Answer: BDE

  For bottom-up versions, rows and columns with level 0 members allow data entry. Administrators have write access to all dimension members and to all forms. Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/ form_design_considerations.html https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html

• Question 43:

  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 an Exchange Rate Type set to Historical Rate Override.

  B. The subsidiary must have a balance not equal to zero in Common Stock.

  C. Common Stock must have a Data Storage property set to Never Share.

  D. USD must be created as a reporting currency.

  E. The subsidiary must have a parent entity with a GBP currency.

  Correct Answer: BE

• Question 44:

  How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

  A. Enable a dimension for Currency after application creation via a Metadata load.

  B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.

  C. During application creation, select the Multicurrency option of "Yes".

  D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

  Correct Answer: A

  Enable a dimension for Currency after application creation via a Metadata load.

  Reference: https://alexandertechniqueworkshops.com/5dmqxf1u/55aba3-fccs-currency-dimension

• Question 45:

  For which three tasks can Data Management be used? (Choose three.)

  A. loading data that is period-to-date or year-to-date

  B. drilling through from a web form or Smart View

  C. loading data from a fixed width or delimited text file

  D. writing back data to source systems

  E. loading a Metadata Import File

  Correct Answer: BCD

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/erpia/ integrate_file_104xd8fa487f.html https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/writeback.html https://docs.oracle.com/applications/smartview/810/UGSUG/ drill_through_procedure_102xd6eca4c6.htm#UGSUG-GUID-C221538B-5352-4742-A1A118F16CE4D099

• Question 46:

  Which statement about the Equity Pickup feature is FALSE?

  A. Seeded rule-sets are provided for Equity Pickup.

  B. Equity Pickup rules run as part of the consolidation process.

  C. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.

  D. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.

  Correct Answer: B

• Question 47:

  You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

  A. The new task will run outside of the schedule end date.

  B. An error, you can't add a new task past the due date.

  C. The schedule end date changes to match the end date of the task.

  D. The task will not run.

  Correct Answer: C

  When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.

  Reference: https://support.microsoft.com/en-us/office/how-project-schedules-tasks-behind-thescenesdf3431ab-8d8a-4047-afc6-a87b547dbac0

• Question 48:

  Which four sample ratios can be selected during business process creation?

  A. Inventory Ratios

  B. Gross Margin

  C. Contribution Margin

  D. Earnings per Share

  E. Debt Ratio

  F. Days Sales in Receivables

  Correct Answer: BCDF

• Question 49:

  Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

  A. Period, Year, Entity

  B. From Currency, Movement, Scenario

  C. Multi-GAAP, Data Type, Intra-company

  D. Value, Entity, Account

  E. Data source, Consolidation, View

  Correct Answer: A

• Question 50:

  What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

  A. This setting does not affect aggregation to the parent.

  B. You cannot load data to this account.

  C. Add amounts aggregated to the parent.

  D. Subtract amounts aggregated to the parent.

  Correct Answer: C

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