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

• Question 71:

  Which statement accurately describes alternate hierarchies?

  A. Single entities having multiple parents

  B. Parent members having the same currency

  C. Contribution to parent members are similar

  D. Data must be entered multiple times for shared members

  Correct Answer: A

• Question 72:

  You are required to create a form to allow users to input data.

  Which three actions or form components selected should accomplish this?

  A. Set the currency on the form to the reporting currency member USD_Reporting

  B. Level 0 dimension members on POV, rows and columns

  C. Give data input users WRITE access to form dimension members

  D. Set access rights for data input users to the form

  Correct Answer: BCD

• Question 73:

  When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

  A. Designing dynamic reports

  B. Expanded vs. single data segments

  C. Report performance

  D. Suppress missing blocks

  Correct Answer: D

• Question 74:

  When can the Intercompany Dimension be enabled and n=made visible within your application?

  A. during application creation and selecting Multi-source Data Input of Other Data

  B. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute

  C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

  D. during application creation and selecting the Intercompany Data feature option

  Correct Answer: D

• Question 75:

  Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

  A. Select Application, then Overview, then Data, and then Export

  B. Select Application, then Overview, then Actions, and then Import Data

  C. Select Dimensions, then Actions, and then Import Data

  D. Select Import, then Actions, and then Data

  Correct Answer: B

• Question 76:

  For data load rules in Data Management, which two statements are FALSE?

  A. If specified, the import format will be used; if not, then the location's format will be used.

  B. A job must first run to import the data file before the user can run the data load rule.

  C. End users can upload a file when running a data load rule.

  D. Data load rules cannot be shared across locations.

  E. Valid load types are Merge and Replace.

  Correct Answer: BE

• Question 77:

  Which statement correctly describes the Consolidation dimension?

  A. The dimension contains members to store non-controlling interest and joint venture data.

  B. The dimension uses a separate member to store data from an entity's descendants.

  C. The dimension allows users to see input versus journal adjustment data.

  D. The dimension aggregates input, consolidated, and elimination data together.

  Correct Answer: C

• Question 78:

  On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

  A. the third Friday of each month to apply to both TEST and PROD simultaneously

  B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD

  C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD

  D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD

  Correct Answer: D

• Question 79:

  Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

  A. FCCS_Amount_Override

  B. FCCS_Rate Override

  C. FCCS_Contribution

  D. FCCS_Proportion

  E. FCCS_Elimination

  F. FCCS_Translation

  Correct Answer: BE

• Question 80:

  When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

  A. Member Formulas cannot be created

  B. load data to this account and make member formulas

  C. load data to this account D. create Member Formulas

  Correct Answer: BD