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If you don't have enough time to study for your certification exam, PassReview provides Oracle Financial Consolidation and Close 2022 Implementation Professional 1z0-1081-22 Pdf questions. You may quickly download Oracle Financial Consolidation and Close 2022 Implementation Professional 1z0-1081-22 exam questions in PDF format on your smartphone, tablet, or desktop. You can Print Oracle pdf questions and answers on paper and make them portable so you can study on your own time and carry them wherever you go.

Oracle 1z0-1081-22 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Customize the translation process using translation rules and custom rate accounts
  • Create consolidation adjustments with Configurable Consolidation Rules
Topic 2
  • Enter exchange rates and historical override rates and amounts
  • Describe the Account, Entity, and Scenario dimensions
Topic 3
  • Configure statutory consolidations using Ownership Management and Consolidation Methods
  • Describe Period and Movement as Dense dimensions (DSO)
Topic 4
  • Add and edit members using the Simplified Dimension Editor
  • Set Up the Financial Consolidation and Close Business Process
Topic 5
  • Create custom consolidation calculations with Configurable Calculations and On Demand Rules
  • Financial Consolidation and Close Overview
Topic 6
  • Assign approval groups to an approval unit hierarchy
  • Add members to the Currency and Movement dimensions
Topic 7
  • Build Out Your Financial Consolidation and Close Solution
  • Create journal, intercompany, and consolidation reports
Topic 8
  • Configure Opening and Closing Balance System Rules
  • Explain Intercompany Entity Aggregation Options
Topic 9
  • Configure the default translation method and default rate accounts
  • Run the setup wizard for the FCC business process
Topic 10
  • Assign security access to dimension members
  • Describe valid and invalid intersection rules
Topic 11
  • Create consolidation journals and consolidation journal templates
  • Describe Financial Consolidation and Close features

Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q13-Q18):

NEW QUESTION # 13
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

  • A. Enable a dimension for Currency after application creation via a Metadata load.
  • 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. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

Answer: A

Explanation:
Enable a dimension for Currency after application creation via a Metadata load.


NEW QUESTION # 14
Which statement correctly describes what happens to parent entities during consolidation?

  • A. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
  • B. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
  • C. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
  • D. The changes in the relational database are synced to the underlying Essbase cube.

Answer: C


NEW QUESTION # 15
In the
Movement dimension, for which two can you modify the default translation calculation?

  • A. Opening Balance
  • B. Closing Balance
  • C. Base-level members under FCCS_Mvmts Subtotal
  • D. Opening Balance Input

Answer: A,C

Explanation:
Reference:
http://www.allreadable.com/3128VWfe


NEW QUESTION # 16
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

  • A. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
  • B. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
  • C. Siblings can be added to the FCCS_CashFlow_Investing member.
  • D. The Cash Change hierarchy cannot be modified.
  • E. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
  • F. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.

Answer: A,B,C,E


NEW QUESTION # 17
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 Percentage
  • C. Consolidation Method
  • D. Ownership Percentage
  • E. Minority Interest Percentage

Answer: B

Explanation:
The Consolidation Method and Control setting can be manually changed if needed.


NEW QUESTION # 18
......

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