[Dec 20, 2021] 1Z0-1081-20 Test Prep Training Practice Exam Questions Practice Tests
Exam Questions Answers Braindumps 1Z0-1081-20 Exam Dumps PDF Questions
Oracle 1Z0-1081-20 Exam Syllabus Topics:
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NEW QUESTION 11
Which explains why the Currency dimension does NOT display in your application?
- A. Entity-specific security rights were not properly granted
- B. Multi-Currency option was not selected at application creation
- C. Security access to the Multi-GAAP dimension is required
- D. Security has not been granted
Answer: B
NEW QUESTION 12
Which statement is true regarding shared members and valid intersection rules?
- A. Shared members are not supported in valid intersection rules
- B. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
- C. Shared members are supported in valid intersection rules
- D. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
Answer: C
NEW QUESTION 13
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. Create a Roll Forward in the account dimension.
- B. Load detailed Fixed Asset data to Movement members.
- C. Add custom Movement members to the FCCS_CashFlow hierarchy.
- D. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
- E. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
Answer: A,B,C
NEW QUESTION 14
Which four sample ratios can be created during the application creation process? (Choose four.)
- A. Gross Margin
- B. Contribution Margin
- C. Earnings per Share
- D. Debt Ratio
- E. Days Sales in Receivables
- F. Inventory Ratios
Answer: A,D,E,F
NEW QUESTION 15
When defining a batch in Data Management, which statement is True?
- A. Each data load rule must specify the period or the batch willdefault to the POV period.
- B. A batch replaces the need for data load rules.
- C. Batches can execute data loads for multiple locations.
- D. A batch can load to multiple plan types.
- E. Batches can import from source or export to target, but not both.
Answer: B
NEW QUESTION 16
Financial Consolidation and Close maintains calculation status for which four dimensions?
- A. Entity
- B. Period
- C. Year
- D. Data Source
- E. Consolidation
- F. Scenario
Answer: A,B,E,F
Explanation:
Explanation
Explanation/Reference:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.
NEW QUESTION 17
Which statement correctly describes when a consolidation can occur within a given year/scenario?
- A. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- B. An administrator runs Force Consolidate to force the consolidation of all entities regardless ofstatus or content.
- C. The current period consolidation status is Impacted and the remaining periods are OK.
- D. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- E. A user has a power user access but only write access to the entity.
Answer: C
NEW QUESTION 18
Which two statements are true of the roll forward calculation in the Movement dimension?
- A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- B. Values for Opening Balance are retrieved from the prior period Closing Balance.
- C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- 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 19
Which four items are active components of the Currency dimension? (Choose four.)
- A. Entity Currency
- B. Translated Currencies
- C. Entity Currency Adjustments
- D. Reporting Currencies
- E. Parent Currency
- F. Input Currencies
Answer: C,D,E,F
Explanation:
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 20
To show theIntercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Elimination Consolidation Dimension member
- B. Intercompany Partners
- C. Intercompany Accounts
- D. Intercompany Plug Accounts
Answer: B
NEW QUESTION 21
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation ofequity accounts? (Choose two.)
- A. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
- B. A journal entry to reverse the adjusted Common Stock balance withthe Data Source member FCCS_Journal Input.
- C. Data entry to the Common Stock account withthe Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- D. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
Answer: B,C
NEW QUESTION 22
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Automatically calculate adjustment
- B. Allow adjustments for IFRS
- C. Include Supplemental Data
- D. Track Multi-SourceData Input
Answer: A
NEW QUESTION 23
What member of the Currency dimension should be used during data entry for historical override amounts?
- A. Entity Currency
- B. Input Currencies
- C. Reporting Currencies
- D. ParentCurrency
Answer: C
NEW QUESTION 24
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. the Point of View
- B. Other Options section
- C. the Page Axis
- D. a column
Answer: A
NEW QUESTION 25
You need to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?
- A. the Point of View
- B. rows
- C. the Page Axis
- D. columns
Answer: A
Explanation:
The point of view is displayed on the top of the form. Elements that can be changed are displayed as links in the point of view. For example, if the Entity dimension is displayed as a link, you can change the entity but not the other dimensions in the point of view.
NEW QUESTION 26
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
- A. Supplemental Data
- B. Data Management
- C. ERP r12
- D. ERP Cloud
Answer: A,B
NEW QUESTION 27
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company thatconsolidates 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 translation of Company XYZ to Parent Currency
- B. A translation of Company IOU
- C. A consolidation of Company XYZ
- D. A translation to the USD_Reporting currency member for Company IOU
- E. A consolidation of Company 123
Answer: A
NEW QUESTION 28
For which scenario would an On-Demand rule be an appropriate solution?
- A. to perform a custom currency translation for a subset of accounts
- B. to allocate data to base entities prior to consolidation
- C. to copy data from one scenario to a different scenario
- D. to add a column with a calculation to a report
Answer: C
Explanation:
Copy data from one scenario to another one.
NEW QUESTION 29
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?
- A. Control
- B. Consolidation Method
- C. Minority Interest Percentage
- D. Ownership Percentage
- E. Consolidation Percentage
Answer: A,B,E
Explanation:
Explanation/Reference:
The Consolidation Method and Control setting can be manually changed if needed.
NEW QUESTION 30
Which two statements are true regarding the Copy Data function?
- A. When you select the Regular Data option, journals data is included.
- B. You can select which Consolidation dimension member to copy.
- C. You cannot select which Account members to copy.
- D. You can copy data for historical rate and amount overrides.
Answer: A,D
Explanation:
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts
NEW QUESTION 31
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
- A. Load detailed Fixed Asset data to Movement members.
- B. Add custom Movement members to the FCCS_CashFlow hierarchy.
- C. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
- D. Create a Roll Forward in the account dimension.
- E. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
Answer: A,C,E
NEW QUESTION 32
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