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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Intercompany Processing | - Intercompany transactions
|
| Data Integration | - Data loading and management
|
| Application Configuration | - FCCS application setup and configuration
|
| Consolidation Process | - Financial consolidation activities
|
| Security and Access | - User and role management
|
| Rules and Automation | - Business rules and calculation logic
|
| Close Process Management | - Period close activities
|
| Journals and Adjustments | - Journal management
|
| Reporting and Analysis | - Financial reporting
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
For which
scenario would an On-Demand rule be an appropriate solution?
- A. to add a column with a calculation to a report
- B. to copy data from one scenario to a different scenario
- C. to perform a custom currency translation for a subset of accounts
- D. to allocate data to base entities prior to consolidation
Correct Answer: B 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Include Supplemental Data
- B. Allow adjustments for IFRS
- C. Track Multi-Source Data Input
- D. Automatically calculate adjustment
Correct Answer: D 🗳️
Which item describes the use for the Currency dimension property Triangulation Currency?
- A. The ability to report in multiple currencies
- B. The ability to input foreign exchange rates
- C. The ability to calculate CTA (Cumulative Translation Adjustment)
- D. The ability to calculate foreign exchange rates
- E. The ability to force translations
Correct Answer: D 🗳️
Which statement is correct regarding intercompany eliminations?
- A. Intercompany eliminations are needed when a company divests itself of a division.
- B. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- C. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
- D. Intercompany eliminations are generally required to remove the effect of transactions within the company.
Correct Answer: D 🗳️
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
- A. Base Currency
- B. Parent Currency
- C. Entity Currency
- D. Local Currency
Correct Answer: C 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
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