1Z0-1081-24 by Oracle Valid Free Exam Practice Test

Question 1

Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A. Account B. Scenario C. Year D. Entity E. Period

Correct Answer: C,E

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Question 2

Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. Multi-GAAP, Data Type, Intra-company B. Period, Year, Entity C. Data source, Consolidation, View D. From Currency, Movement, Scenario E. Value, Entity, Account

Correct Answer: B

Question 3

For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

A. Click Configurable Consolidation on the Consolidation Process page and create a Configurable B. Edit the numbers using a web form or Smart View after consolidating. C. Create an on-demand rule in Calculation Manager that you run after consolidation. D. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in

Correct Answer: A

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Question 4

Which four items are active components of the Currency dimension? (Choose four.)

A. Translated Currencies B. Parent Currency C. Input Currencies D. Entity Currency E. Reporting Currencies F. Entity Currency Adjustments

Correct Answer: B,C,E,F

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Question 5

To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A. Period and Year B. View C. Period D. Period, Year, and View

Correct Answer: D

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Question 6

When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A. Account B. View C. Consolidation D. Movement

Correct Answer: B,C

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Question 7

For your
business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?

A. Select the Consolidation template when setting up the Approval Unit hierarchy. B. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy. C. Delete the default Approval Unit hierarchy. D. Select as owners only users with the Service Administrator or Power User security role.

Correct Answer: A

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Question 8

Which statement
is false regarding establishing security for Financial Consolidation and Close?

A. Security can be assigned at a prevent level. B. All members are accessible for dimensions with no security applied. C. Security can be disabled for any dimension. D. Security is mandatory for one dimension. E. The Identity Domain Administrator inherits full access privileges.

Correct Answer: B

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Question 9

Which statement is true regarding shared members and valid intersection rules?

A. Shared members are not supported in valid intersection rules B. If a base member is included in a valid intersection rule, then any shared member is not included in the rule C. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule D. Shared members are supported in valid intersection rules

Correct Answer: A,B

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Oracle Financial Consolidation and Close 2024 Implementation Professional - 1Z0-1081-24 Exam Practice Test