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Exam Oracle Financial Consolidation and Close 2020 Implementation Essentials
Number 1Z0-1081-20
File Name Oracle Financial Consolidation and Close 2020 Implementation Essentials.PremDumps.1Z0-1081-20.2020-12-23.1e.38q.vcex
Size 52 Kb
Posted December 23, 2020
Downloads 80



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Demo Questions

Question 1
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

  • A: ERP Cloud
  • B: Supplemental Data
  • C: Data Management
  • D: ERP r12



Question 2
For which three levels can Profiles be set in Data Management?

  • A: Category
  • B: Source System
  • C: System
  • D: User
  • E: Application



Question 3
Which two prebuilt calculations run on the Movement dimension to determine CTA by account? 

  • A: Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
  • B: Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
  • C: FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
  • D: FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate



Question 4
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? 
(Choose three.)

  • A: Submit data
  • B: Adjust data with Journals
  • C: Retrieve data
  • D: Run a rule such as Consolidate or Translate



Question 5
Three child entities – P, Q, and R – of a mid-level parent entity – AceCo – have account receivables in the amounts of 10, 20, and 30, respectively. 
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

  • A: P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo. 
  • B: P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
  • C: P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
  • D: P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.



Question 6
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 repeatable over multiple close cycles 
  • B: when the tasks require consistent definition across close schedules
  • C: when the tasks are often late in completion and they need to be monitored more closely
  • D: when the tasks require multiple levels of approvers



Question 7
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution. 
Which two requirements from this team would Oracle’s Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

  • A: robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
  • B: dashboard reporting with daily revenue comparisons and KPI’s that measure cost controls
  • C: leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
  • D: a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
  • E: provide the ability to collaborate during close and analyse transaction detail in real time



Question 8
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: 3-3-3-3
  • B: 3-3-3-4
  • C: 4-4-4-4
  • D: 4-4-4-5



Question 9
Which statement correctly describes when a consolidation can occur within a given year/scenario?

  • A: An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
  • B: The current period consolidation status is Impacted and the remaining periods are OK.
  • C: A user has a power user access but only write access to the entity.
  • D: A user with power user access first locks the entity so that other users cannot consolidate the same entity.
  • E: The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.



Question 10
Which explains why the Currency dimension does NOT display in your application?

  • A: Security access to the Multi-GAAP dimension is required
  • B: Multi-Currency option was not selected at application creation
  • C: Entity-specific security rights were not properly granted
  • D: Security has not been granted








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