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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) You cannot add member formulas to members of the Movement dimension.
B) The View dimension stores only periodic data.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) Account is a Sparse dimension.

2. Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A) Entity
B) Year
C) Period
D) Account
E) Scenario

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

4. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Ending
B) FX Rates - Historical
C) FX Rates - Average
D) FX Rates - None
E) FX Rates - Opening

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: