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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

2. To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

A) Metadata Administrator
B) Power User
C) Metadata Supervisor
D) System Administrator

3. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
B) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
C) Calculations, dashboards, and reports to provide analysis for cash flow modeling
D) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages

4. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) Data load rules can be shared across locations.
B) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
C) Locations must specify an import format, which may be used by other locations.
D) The logic account group is required in order to effect running of calculations after the data load.
E) Locations can share dimension member mappings by specifying a location as a parent location of others.
F) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.

5. Which statement accurately describes alternate hierarchies?

A) Parent members having the same currency
B) Data must be entered multiple times for shared members
C) Contribution to parent members are similar
D) Single entities having multiple parents

Solutions: