Oracle 1Z0-1081-24 : Oracle Financial Consolidation and Close 2024 Implementation Professional

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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 regarding establishing security for Financial Consolidation and Close?

A) Security can be assigned at a parent level.
B) All members are accessible for dimensions with no security applied.
C) Security can be disabled for any dimension.
D) The Identity Domain Administrator inherits full access privileges.
E) Security is mandatory for one dimension.

2. Which statement is FALSE about running consolidations?

A) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
B) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
C) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.

3. If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A) The Intercompany Alias is set to the Entity Name.
B) The Intercompany Alias is not automatically changed to the new Entity Alias.
C) The Intercompany Alias is automatically changed to the new Entity Alias.
D) The Intercompany Alias is automatically set to the Intercompany Name.

4. You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?

A) Level 0 dimension members on POV, rows and columns
B) Set access rights for data input users to the form
C) Set the currency on the form to the reporting currency member USD_Reporting
D) Give data input users WRITE access to form dimension members

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

A) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
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) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow

Solutions: