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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
B. Translated values for Closing Balance are adjusted to the ending rate for the period.
C. Values for Opening Balance are retrieved from the prior period's Closing Balance.
D. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

Question 2

Which statement is FALSE about the Equity Pickup feature?

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

Question 3

You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A. Create a Task Manager rule.
B. Create a valid intersection rule.
C. Create a Groovy rule.
D. Create a Configurable Consolidation rule.

Question 4

Which two statements are true about Enterprise Journals? (Choose two.)

A. You can assign a team as preparer or reviewer.
B. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
C. You cannot deploy Enterprise Journals to a period with Pending status.
D. Line items can only include entities that have been enabled for Enterprise Journals.

Question 5

Which statement is true of journals created from Recurring templates?

A. The line items in journals created from Recurring templates are read only.
B. The initial status of journals created from Recurring templates is Posted.
C. The initial status of journals created from Recurring templates is Approved.
D. Journals for recurring templates are created automatically when you open a period for journals.

Solutions: