Latest Jan-2022 Oracle 1Z0-1081-21 Dumps Updated 119 Questions
PDF Download Free of 1Z0-1081-21 Valid Practice Test Questions
NEW QUESTION 47
Which statement is true of the default FCCS_ members within an application?
Response:
- A. You can change the Name.
- B. You can change the default FCCS_ member prefix at application creation.
- C. You can change the Alias.
- D. You can change the Data Storage property.
Answer: C
NEW QUESTION 48
Which four items are active components of the Currency dimension?
(Choose four.)
Response:
- A. Input Currencies
- B. Parent Currency
- C. Reporting Currencies
- D. Entity Currency Adjustments
- E. Entity Currency
- F. Translated Currencies
Answer: A,B,C,E
NEW QUESTION 49
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
- A. FCCS_Contribution
- B. FCCS_Entity Total
- C. FCCS_EntityConsolidation
- D. FCCS_Parent Currency
Answer: A
NEW QUESTION 50
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team wouldOracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
- A. provide the ability to collaborate during close and analyse transaction detail in real time
- B. dashboard reportingwith daily revenue comparisons and KPI's that measure cost controls
- C. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
- D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
- E. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
Answer: B,D
NEW QUESTION 51
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting ofthe subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. The subsidiary must have a parent entity with a GBP currency.
- B. USD must be created as a reporting currency.
- C. The subsidiary must have a balance not equal to zero in Common Stock.
- D. Common Stock must have a Data Storage property set to Never Share.
- E. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
Answer: A,C
NEW QUESTION 52
In the Movement dimension, for which two can you modify the default translation calculation?
Response:
- A. Closing Balance
- B. Base-level members under FCCS_Mvmts Subtotal
- C. Opening Balance Input
- D. Opening Balance
Answer: B,D
NEW QUESTION 53
What information is included in the data extract export file delimited format?
Response:
- A. the domain and application name
- B. the ID of the user performing the extract
- C. the data load cube name
- D. the application name
Answer: C
NEW QUESTION 54
Which statement about the Equity Pickup feature is FALSE?
Response:
- A. Equity Pickup rules run as part of the consolidation process
- B. Seeded rule-sets are provided for Equity Pickup
- C. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions
- D. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled
Answer: A
NEW QUESTION 55
Which statement is true regarding shared members and valid intersection rules?
- A. Shared members are 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. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
- D. Shared members are not supported in valid intersection rules
Answer: C,D
Explanation:
Explanation
Explanation/Reference:
Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule.
Reference: https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/ admin_valid_intersections_shared_members_and_rules_102x58c8d618.html
NEW QUESTION 56
Which three combinations of dimensions could be valid for a FinancialConsolidation and Close (FCCS) application?
- A. Multi-GAAP, Data Type, Intra-company
- B. Value, Entity, Account
- C. From Currency, Movement, Scenario
- D. Data source, Consolidation, View
- E. Period, Year, Entity
Answer: E
NEW QUESTION 57
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)?
(Choose two.)
Response:
- A. DAT file type
- B. Comma delimited
- C. Tab delimited
- D. Excel XLS file type
Answer: B,C
NEW QUESTION 58
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
Response:
- A. FCCS_Contribution
- B. FCCS_Entity Total
- C. FCCS_Entity Consolidation
- D. FCCS_Parent Currency
Answer: A
NEW QUESTION 59
What is the function of Source Mapping in Data Management?
Response:
- A. Defined the input currency for each data source supplying data to the application.
- B. Map local dimension members to the application dimension members.
- C. Define the close calendar periods.
- D. Manage source periods in relation to global periods.
Answer: A
NEW QUESTION 60
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. Retrieve data
- C. Submit data
- D. Run a rule such as Consolidate or Translate
Answer: B,C,D
NEW QUESTION 61
Which statement is FALSE when enabling a Multi-GAAP application?
Response:
- A. The system automatically creates an FCCS_IFRS member.
- B. Additional GAAP adjustment can be created.
- C. Two custom dimensions are available after enabling Multi-GAAP.
- D. The Multi-GAAP dimension is optional.
Answer: C
NEW QUESTION 62
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Report performance
- B. Suppress missing blocks
- C. Designing dynamic reports
- D. Expanded vs. single data segments
Answer: B
NEW QUESTION 63
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks require multiple levels of approvers
- B. when the tasks are repeatable over multiple close cycles
- C. when the tasks require consistent definition across close schedules
- D. when the tasks are often late in completion and they need to be monitored more closely
Answer: B
Explanation:
Explanation
Explanation/Reference:
A task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.D18912E1457D5D1DDCBD40AB3BF70D5D Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ cm_templates_managing.html
NEW QUESTION 64
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