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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Data Input
B) FCCS Entity Input
C) FCCS Total input And Adjusted
D) FCCS Proportion

2. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You can include Data Management artifacts in the clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You can include the inbox and outbox contents in the clone.
D) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.

3. For which task categories is Audit enabled by default?

A) Journals
B) No task categories
C) All task categories
D) Data only

4. Where do you set the Intercompany Entities Aggregation option?

A) On the Properties page of the Intercompany dimension
B) In the member properties of the Intercompany Entities member
C) In the member properties of the Intercompany Top member
D) In the Setup Wizard during business process creation

5. Which statement correctly describes what happens to parent entities during consolidation?

A) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
B) The changes in the relational database are synced to the underlying Essbase cube.
C) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
D) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.

Solutions: