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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) The parent entity has a different currency than the child.
B) An intercompany elimination was performed.
C) A rate was entered into the FCCS Rate Override account.
D) An ownership percentage for the entity other than 100 was entered.

2. Which is true behavior of default FCCS_ members within an application?

A) You can change the Name of these default FCCS_ members at any time.
B) You cannot change the Alias of these default FCCS_ members.
C) You can change the default FCCS_ member prefix at application creation.
D) You can change the Alias of these default FCCS_ members at any time.

3. Which statement correctly describes what happens to parent entities during consolidation?

A) The changes in the relational database are synced to the underlying Essbase cube.
B) The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
C) From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
D) Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

4. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
B) Seeded rule sets are provided for Equity Pickup.
C) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
D) Equity Pickup rules run as part of the consolidation process

5. Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

A) Provide a strong compliance framework that includes auditing and segregation of duties.
B) Provide predictive analysis and modeling.
C) Ensure security of sensitive data.
D) Integrate with source systems.

Solutions: