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

• Question 81:

  Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report. Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

  A. FCCS_Accounts Payable account member

  B. FCCS_CashFlow_Operating movement member

  C. FCCS_CashFlow_Accounts Payable account member

  D. FCCS_Total Balance Sheet ?Cash and NonCash account member

  E. FCCS_CashChange movement member

  Correct Answer: CD

• Question 82:

  

  PQR Company has the ownership structure shown above. If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?

  A. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany

  B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

  C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

  D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1

  Correct Answer: C

• Question 83:

  If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

  A. The alias of the associated Intercompany member is automatically updated.

  B. The associated Intercompany member must be manually removed.

  C. The associated Intercompany member is automatically removed.

  D. The alias of the associated Intercompany member must be manually changed.

  Correct Answer: A

• Question 84:

  Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

  A. DAT file type

  B. Excel XLS file type

  C. Comma delimited

  D. Tab delimited

  Correct Answer: CD

• Question 85:

  When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

  A. Any number of months can be selected

  B. 12-month only

  C. 12-month and 13-month

  D. 12-month, 13-month and a 14-month

  Correct Answer: C

• Question 86:

  

  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 87:

  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 88:

  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 89:

  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 90:

  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