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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which statement is true about an approval process with the Phase Dependency option enabled?

A. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
B. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
C. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

Question 2

In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A. Account
B. Scenario
C. Period
D. Year
E. Data Source (Entity)

Question 3

In Data Integration, for what purpose do you use Workbench?

A. To edit the data load file format
B. To define dimension mapping
C. To review mapping of source to target members
D. To configure data load options

Question 4

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

A. 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.
B. The changes in the relational database are synced to the underlying Essbase cube.
C. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D. 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

Question 5

The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A. No elimination is performed, because H 1 and P 1 do not have the same parent.
B. Hickory and Paducah
C. PQR
D. H 1 and P 2

Solutions: