Oracle 1z0-1081-22 Cert Guide PDF 100% Cover Real Exam Questions
Pass 1z0-1081-22 Exam - Real Questions and Answers
NEW QUESTION 37
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. Set the currency on the form to the reporting currency member USD_Reporting
- B. Give data input users WRITE access to form dimension members
- C. Level 0 dimension members on POV, rows and columns
- D. Set access rights for data input users to the form
Answer: B,C,D
NEW QUESTION 38
Which four
sample ratios can be selected during business process creation?
- A. Inventory Ratios
- B. Days Sales in Receivables
- C. Gross Margin
- D. Earnings per Share
- E. Contribution Margin
- F. Debt Ratio
Answer: B,C,D,E
NEW QUESTION 39
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
- A. 4-4-4-4
- B. 4-4-4-5
- C. 3-3-3-4
- D. 3-3-3-3
Answer: C
NEW QUESTION 40
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
- A. Supplemental Data
- B. Data Management
- C. ERP r12
- D. ERP Cloud
Answer: A,B
NEW QUESTION 41
Which statement is correct regarding intercompany 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 42
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates 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 123
- C. A translation of Company IOU
- D. A translation to the USD_Reporting currency member for Company IOU
- E. A consolidation of Company XYZ
Answer: A
NEW QUESTION 43
Financial Consolidation
and Close maintains calculation status for which four dimensions?
- A. Data Source
- B. Scenario
- C. Entity
- D. Consolidation
- E. Period
- F. Year
Answer: B,C,D,E
Explanation:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.
NEW QUESTION 44
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Intercompany Plug Accounts
- B. Elimination Consolidation Dimension member
- C. Intercompany Accounts
- D. Intercompany Partners
Answer: D
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 45
Which is true behavior of default FCCS_ members within an application?
- A. You cannot change the Alias of these default FCCS_ members.
- B. You can change the default FCCS_ member prefix at application creation.
- C. You can change the Alias of these default FCCS_ members at any time.
- D. You can change the Name of these default FCCS_ members at any time.
Answer: D
NEW QUESTION 46
Which two prebuilt calculations run on the Movement dimension to determine CTA by account?
- A. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
- B. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
- C. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
- D. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
Answer: B,C
NEW QUESTION 47
When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
- A. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
- B. The script will not work since Data Management does not support scripting.
- C. The script will not work since the UD5 member referenced does not start with FCCS_
- D. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
- E. The script will work if the script is referenced in the In mapping type with #SQL as the target.
Answer: E
NEW QUESTION 48
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?
- A. Entity, Currency, Account
- B. Entity, Consolidation, Currency
- C. Currency, Account, Movement
- D. Consolidation, Currency, Account
Answer: C
NEW QUESTION 49
When can the Intercompany Dimension be enabled and n=made visible within your application?
- A. during application creation and selecting the Intercompany Data feature option
- B. during application creation and selecting Multi-source Data Input of Other Data
- C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- D. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
Answer: A
NEW QUESTION 50
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Power User
- B. System Administrator
- C. Metadata Administrator
- D. Metadata Supervisor
Answer: C
Explanation:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION 51
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. Other Options section
- B. the Page Axis
- C. a column
- D. the Point of View
Answer: D
NEW QUESTION 52
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Application, then Overview, then Dimensions, and then Export
- B. by selecting Dimension, then Import, and then Metadata
- C. by selecting Tasks, then Metadata, and then Import
- D. by selecting Application, then Overview, then Dimensions, and then Import
Answer: D
NEW QUESTION 53
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
- A. Supplemental Data Management
- B. Data Management
- C. Account Reconciliation Management
- D. Process Management
- E. Financial Close Management
Answer: C
NEW QUESTION 54
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 Method
- B. Control
- C. Consolidation Percentage
- D. Minority Interest Percentage
- E. Ownership Percentage
Answer: C
Explanation:
The Consolidation Method and Control setting can be manually changed if needed.
NEW QUESTION 55
Which four sample ratios can be created during the application creation process? (Choose four.)
- A. Days Sales in Receivables
- B. Debt Ratio
- C. Inventory Ratios
- D. Gross Margin
- E. Earnings per Share
- F. Contribution Margin
Answer: A,B,C,D
NEW QUESTION 56
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 ICP_H_1
- B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No IntercompanyC. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
- C. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
- D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
Answer: A
NEW QUESTION 57
Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?
- A. A rate was entered into the FCCS_Rate Override account.
- B. An ownership percentage for the entity other than 100 was entered.
- C. An intercompany elimination was performed.
- D. The parent entity has a different currency than the child.
Answer: C
NEW QUESTION 58
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Automatically calculate adjustment
- B. Include Supplemental Data
- C. Allow adjustments for IFRS
- D. Track Multi-Source Data Input
Answer: A
NEW QUESTION 59
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