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

• Question 81:

  

  PQR Company has the ownership structure shown above. If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

  A. First common parent

  B. Generation 0

  C. First order relation

  D. Lowest common denominator

  Correct Answer: A

• Question 82:

  What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

  A. FCCS_Entity Total

  B. FCCS_Parent Currency

  C. FCCS_Contribution

  D. FCCS_Entity Consolidation

  Correct Answer: C

• Question 83:

  Which explains why the Currency dimension does NOT display in your application?

  A. Security access to the Multi-GAAP dimension is required

  B. Multi-Currency option was not selected at application creation

  C. Entity-specific security rights were not properly granted

  D. Security has not been granted

  Correct Answer: B

• Question 84:

  In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

  A. Movement of FX impact for historical rate accounts to the FCCS_CTA account

  B. A variance in the Average rate and the Ending rate

  C. The current FCCS_CTA account balance does not change from the prior period

  D. The account is FCCS_Net Income

  Correct Answer: C

• Question 85:

  Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

  A. Consolidation, Currency, Account

  B. Currency, Account, Movement

  C. Entity, Consolidation, Currency

  D. Entity, Currency, Account

  Correct Answer: B

• Question 86:

  A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution. Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

  A. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint

  B. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls

  C. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness

  D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

  E. provide the ability to collaborate during close and analyse transaction detail in real time

  Correct Answer: BD

• Question 87:

  When enabling Multi-GAAP during application creation, which additional option is available?

  A. Automatically calculate adjustment

  B. Allow adjustments for IFRS

  C. Track Multi-Source Data Input

  D. Include Supplemental Data

  Correct Answer: A

• Question 88:

  Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?

  A. 3-3-3-3

  B. 3-3-3-4

  C. 4-4-4-4

  D. 4-4-4-5

  Correct Answer: B

• Question 89:

  Which statement correctly describes when a consolidation can occur within a given year/scenario?

  A. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

  B. The current period consolidation status is Impacted and the remaining periods are OK.

  C. A user has a power user access but only write access to the entity.

  D. A user with power user access first locks the entity so that other users cannot consolidate the same entity.

  E. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

  Correct Answer: B

• Question 90:

  An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month. What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

  A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.

  B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.

  C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.

  D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.

  Correct Answer: BD