Updated 1z0-1081-22 Dumps Questions Are Available [2022] For Passing Oracle Exam
Free UPDATED Oracle 1z0-1081-22 Certification Exam Dumps is Online
Oracle 1z0-1081-22 Exam Syllabus Topics:
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NEW QUESTION 18
Which two prebuilt calculations run on the Movement dimension to determine CTA by account?
- A. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
- B. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
- C. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
- D. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
Answer: C,D
NEW QUESTION 19
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- C. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- D. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Answer: C
NEW QUESTION 20
A company
would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
- A. Add custom Movement members to the FCCS_CashFlow hierarchy.
- B. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
- C. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
- D. Load detailed Fixed Asset data to Movement members.
- E. Create a Roll Forward in the account dimension.
Answer: A,D,E
NEW QUESTION 21
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
- A. Financial Close Management
- B. Data Management
- C. Process Management
- D. Supplemental Data Management
- E. Account Reconciliation Management
Answer: E
NEW QUESTION 22
What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?
- A. This setting does not affect aggregation to the parent.
- B. You cannot load data to this account.
- C. Subtract amounts aggregated to the parent.
- D. Add amounts aggregated to the parent.
Answer: D
Explanation:
Reference:
aggregation_consolidation_operator.html
NEW QUESTION 23
When can the Intercompany Dimension be enabled and n=made visible within your application?
- A. during application creation and selecting Multi-source Data Input of Other Data
- B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- C. during application creation and selecting the Intercompany Data feature option
- D. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
Answer: C
NEW QUESTION 24
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)
- A. Adjust data with Journals
- B. Submit data
- C. Retrieve data
- D. Run a rule such as Consolidate or Translate
Answer: B,C,D
NEW QUESTION 25
Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?
- A. Select Import, then Actions, and then Data
- B. Select Dimensions, then Actions, and then Import Data
- C. Select Application, then Overview, then Data, and then Export
- D. Select Application, then Overview, then Actions, and then Import Data
Answer: D
NEW QUESTION 26
Which two
statements are true of the roll forward calculation in the Movement dimension?
- A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- B. Values for Opening Balance are retrieved from the prior period Closing Balance.
- C. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Answer: B,D
Explanation:
If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.
Opening balance is calculated from the prior period's Closing Balance.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html
NEW QUESTION 27
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Entity Currency
- B. Reporting Currency
- C. Input Currency
- D. Parent Currency
Answer: B
Explanation:
Currency (Must be a Reporting Currency)
Reference:
setting_up_intercompany_matching_reports.html
NEW QUESTION 28
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- A. Period, Scenario, Base Entity and Parent Entity
- B. Scenario, Account, Base Entity and Parent Entity
- C. Year, Scenario, Base Entity and Account
- D. Scenario, View, Parent Entity and Account
Answer: A
NEW QUESTION 29
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Track Multi-Source Data Input
- B. Allow adjustments for IFRS
- C. Automatically calculate adjustment
- D. Include Supplemental Data
Answer: C
NEW QUESTION 30
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
- A. 3-3-3-3
- B. 3-3-3-4
- C. 4-4-4-4
- D. 4-4-4-5
Answer: B
NEW QUESTION 31
Which statement
is FALSE when Intercompany Data is enabled?
- A. Tracking intercompany eliminations is optional.
- B. Intercompany accounts are assigned plug accounts.
- C. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- D. The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
Answer: C
Explanation:
Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.
Reference:
admin_tax_automation_intercompany_eliminations_100x084ae29f.html
NEW QUESTION 32
Which statement correctly describes the Consolidation dimension?
- A. The dimension allows users to see input versus journal adjustment data.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension uses a separate member to store data from an entity's descendants.
- D. The dimension aggregates input, consolidated, and elimination data together.
Answer: A
NEW QUESTION 33
Which statement
is false regarding establishing security for Financial Consolidation and Close?
- A. All members are accessible for dimensions with no security applied.
- B. Security can be assigned at a prevent level.
- C. The Identity Domain Administrator inherits full access privileges.
- D. Security can be disabled for any dimension.
- E. Security is mandatory for one dimension.
Answer: A
Explanation:
The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
Reference:
admin_security_predefined_roles_112x5e7954a4.html
NEW QUESTION 34
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
- A. A consolidation of Company XYZ
- B. A translation to the USD_Reporting currency member for Company IOU
- C. A consolidation of Company 123
- D. A translation of Company XYZ to Parent Currency
- E. A translation of Company IOU
Answer: D
NEW QUESTION 35
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
- C. During application creation, select the Multicurrency option of "Yes".
- D. Enable a dimension for Currency after application creation via a Metadata load.
Answer: D
Explanation:
Enable a dimension for Currency after application creation via a Metadata load.
NEW QUESTION 36
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- A. Entity
- B. Account
- C. Currency
- D. From Currency
Answer: D
NEW QUESTION 37
Which four items are active components of the Currency dimension? (Choose four.)
- A. Entity Currency
- B. Reporting Currencies
- C. Entity Currency Adjustments
- D. Input Currencies
- E. Parent Currency
- F. Translated Currencies
Answer: B,C,D,E
Explanation:
You can create journals using the Entity Currency of the Currency dimension as well as Input Currencies for both Entity Input and Translated Currency Input.
NEW QUESTION 38
Which two statements are correct with regard to Data Management locations? (Choose two.)
- A. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
- B. The logic account group is required in order to effect running of calculations after the data load.
- C. Locations can share dimension member mappings by specifying a location as a parent location of others.
- D. Locations must specify an import format, which may be used by other locations.
- E. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
- F. Data load rules can be shared across locations.
Answer: C,D
NEW QUESTION 39
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
- A. January should be consolidated for the change and nothing needs to happen for February.
- B. There is no way to do a prior period entry like this.
- C. February should be consolidated, after which the cash at AceCo is now 65.
- D. January and February should be consolidated.
Answer: D
NEW QUESTION 40
You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?
- A. Set access rights for data input users to the form
- B. Level 0 dimension members on POV, rows and columns
- C. Set the currency on the form to the reporting currency member USD_Reporting
- D. Give data input users WRITE access to form dimension members
Answer: A,B,D
NEW QUESTION 41
What information is included in the data extract export file delimited format?
- A. the ID of the user performing the extract
- B. the domain and application name
- C. the application name
- D. the data load cube name
Answer: A
NEW QUESTION 42
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. No Rate
- C. Never Share
- D. Dynamic
- E. Dynamic Calc and Store
Answer: A
NEW QUESTION 43
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