Updated Oct-2021 Test Engine to Practice 1Z0-1081-20 Test Questions
1Z0-1081-20 Real Exam Questions Test Engine Dumps Training With 118 Questions
Oracle 1Z0-1081-20 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
| Topic 9 |
|
| Topic 10 |
|
| Topic 11 |
|
| Topic 12 |
|
| Topic 13 |
|
| Topic 14 |
|
| Topic 15 |
|
NEW QUESTION 66
Which twomembers of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
- A. FCCS_No Data Source
- B. FCCS_Intercompany Eliminations
- C. FCCS_PCON
- D. FCCS_Journal Input
Answer: B,D
NEW QUESTION 67
A newSheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?
- A. Activate the Connection.
- B. Close out of Excel, and relog in to Smart View.
- C. Change one of the Row or Column dimension members and click Refresh.
- D. Disconnect from the Smart View connection, and relog in.
Answer: C
NEW QUESTION 68
Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
- A. FCCS_CashFlow_Operating movement member
- B. FCCS_Total Balance Sheet - Cash and NonCash account member
- C. FCCS_CashFlow_Accounts Payable account member
- D. FCCS_CashChange movement member
- E. FCCS_Accounts Payable account member
Answer: B,C
NEW QUESTION 69
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. Add custom Movement members to the FCCS_CashFlow hierarchy.
- B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
- C. Create a Roll Forward in the account dimension.
- D. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
- E. Load detailed Fixed Asset data to Movement members.
Answer: B,D,E
NEW QUESTION 70
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 consolidation of Company XYZ
- C. A translation of Company IOU
- D. A consolidation of Company 123
- E. A translation to the USD_Reporting currency member for Company IOU
Answer: A
NEW QUESTION 71
Which statement is correct regardingintercompany eliminations?
- A. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- B. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
- C. Intercompany eliminations are generally required to remove the effect of transactions within the company.
- D. Intercompany eliminations are needed when a company divests itself of a division.
Answer: C
NEW QUESTION 72
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- A. process will separate total eliminationvalues by Data Source.
- B. enables the Elimination member in the Consolidation dimension
- C. enables the application to include Intercompany data.
- D. enables the application to perform Intercompany eliminations
Answer: A
NEW QUESTION 73
Which three are seeded data forms created during business process creation?
- A. Data Status
- B. Headcount
- C. Override Rates
- D. Shares Outstanding
- E. Exchange Rate Multi-period
Answer: A,C,E
NEW QUESTION 74
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Entity Currency
- B. Parent Currency
- C. Input Currency
- D. Reporting Currency
Answer: D
Explanation:
Currency (Must be a Reporting Currency)
Reference:
setting_up_intercompany_matching_reports.html
NEW QUESTION 75
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?
- A. Consolidation Percentage
- B. Consolidation Method
- C. Minority Interest Percentage
- D. Control
- E. Ownership Percentage
Answer: A,B,D
Explanation:
Explanation/Reference:
The Consolidation Method and Control setting can be manually changed if needed.
NEW QUESTION 76
Which statement is FALSE when enabling a Multi-GAAP application?
- A. Two custom dimensions are available after enabling Multi-GAAP.
- B. The system automatically creates an FCCS_IFRS member.
- C. The Multi-GAAP dimension is optional.
- D. Additional GAAP adjustment can be created.
Answer: A
NEW QUESTION 77
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
- A. Data Management
- B. Supplemental Data
- C. ERP r12
- D. ERP Cloud
Answer: A,B
NEW QUESTION 78
Which four items are active components of the Currency dimension? (Choose four.)
- A. Entity Currency
- B. Parent Currency
- C. Entity Currency Adjustments
- D. Reporting Currencies
- E. Translated Currencies
- F. Input Currencies
Answer: B,C,D,F
NEW QUESTION 79
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
- A. Journal Report
- B. Financial Report
- C. Intercompany Report
- D. Consolidation Report
Answer: D
NEW QUESTION 80
Which four sample ratios can be selected during business process creation?
- A. Days Sales in Receivables
- B. Gross Margin
- C. Debt Ratio
- D. Inventory Ratios
- E. Contribution Margin
- F. Earnings per Share
Answer: A,B,E,F
NEW QUESTION 81 
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
- A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
- B. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
- C. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
- D. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
Answer: D
NEW QUESTION 82
What information is included in the data extract export file delimited format?
- A. the domain and application name
- B. the application name
- C. the data load cube name
- D. the ID of the user performing the extract
Answer: B
NEW QUESTION 83
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- A. Scenario, View, Parent Entity and Account
- B. Period, Scenario, Base Entity and Parent Entity
- C. Year, Scenario, Base Entity and Account
- D. Scenario, Account, Base Entity and Parent Entity
Answer: B
NEW QUESTION 84
How can the Intercompany dimension be enabled within your application?
- A. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
- B. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.
- C. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
- D. During application creation, select the Intercompany Data option.
Answer: B
Explanation:
Reference:
intercompany_property_for_entities.html
NEW QUESTION 85
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Intercompany Plug Accounts
- B. Intercompany Accounts
- C. Intercompany Partners
- D. Elimination Consolidation Dimension member
Answer: C
Explanation:
Explanation: Intercompany Partner (ICP) Matching reports list the intercompany transactions that are eliminated during consolidation. Intercompany transactions are managed across the Intercompany Partner dimension. Reference: https://docs.oracle.com/cd/E57185_01/HFMAG/ch09s02.html
NEW QUESTION 86
Which four sample ratios can be created during the application creation process? (Choose four.)
- A. Days Sales in Receivables
- B. Gross Margin
- C. Debt Ratio
- D. Earnings per Share
- E. Inventory Ratios
- F. Contribution Margin
Answer: A,B,C,E
NEW QUESTION 87
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 are often late in completion and they need to be monitored more closely
- B. when the tasks require multiple levels of approvers
- C. when the tasks require consistent definition across close schedules
- D. when the tasks are repeatable over multiple close cycles
Answer: D
Explanation:
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:
cm_templates_managing.html
NEW QUESTION 88
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The task will not run.
- B. The schedule end date changes to match the end date of the task.
- C. An error, you can't add a new task past the due date.
- D. The new task will run outside of the schedule end date.
Answer: B
Explanation:
When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.
NEW QUESTION 89
Which explains why the Currency dimension does NOT display in your application?
- A. Security has not been granted
- B. Multi-Currency option was not selected at application creation
- C. Entity-specific security rights were not properly granted
- D. Security access to the Multi-GAAP dimension is required
Answer: B
NEW QUESTION 90
......
1Z0-1081-20 Actual Questions Answers PDF 100% Cover Real Exam Questions: https://www.prepawaypdf.com/Oracle/1Z0-1081-20-practice-exam-dumps.html