Oracle Oracle Certifications 1Z0-1081-22 Questions & Answers

• Question 61:

  Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

  A. Submit data

  B. Adjust data with Journals

  C. Retrieve data

  D. Run a rule such as Consolidate or Translate

  Correct Answer: ACD

• Question 62:

  When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

  A. Plug Account

  B. Intercompany Account

  C. Is Plug Account

  D. Intercompany Entity

  Correct Answer: C

• Question 63:

  Three child entities – P, Q, and R – of a mid-level parent entity – AceCo – have account receivables in the

  amounts of 10, 20, and 30, respectively.

  Which statement contains conditions for all three entities that would cause the account receivable balance

  amount at AceCo not to be 60?

  A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

  B. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

  C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

  D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

  Correct Answer: B

• Question 64:

  If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

  A. The Intercompany Alias is set to the Entity Name.

  B. The Intercompany Alias is automatically changed to the new Entity Alias.

  C. The Intercompany Alias is not automatically changed to the new Entity Alias.

  D. The Intercompany Alias is automatically set to the Intercompany Name.

  Correct Answer: B

• Question 65:

  How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

  A. Drill-back to SDM is not an available feature.

  B. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

  C. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.

  D. By selecting Track Multi-source Data Input option for Other Data during the application creation process.

  Correct Answer: B

• Question 66:

  Which statement is FALSE when enabling a Multi-GAAP application?

  A. Two custom dimensions are available after enabling Multi-GAAP.

  B. The Multi-GAAP dimension is optional.

  C. The system automatically creates an FCCS_IFRS member.

  D. Additional GAAP adjustment can be created.

  Correct Answer: A

• Question 67:

  Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

  A. Process Management

  B. Account Reconciliation Management

  C. Data Management

  D. Supplemental Data Management

  E. Financial Close Management

  Correct Answer: B

• Question 68:

  When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

  A. ERP Cloud

  B. Supplemental Data

  C. Data Management

  D. ERP r12

  Correct Answer: BC

• Question 69:

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

  A. Category

  B. Source System

  C. System

  D. User

  E. Application

  Correct Answer: CDE

• Question 70:

  Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

  A. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

  B. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

  C. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

  D. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

  Correct Answer: CD