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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.1Z0-1081-20.2020-12-31.1e.55q.vcex
Size 60 Kb
Posted December 31, 2020
Downloads 22



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Demo Questions

Question 1
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

  • A: Process Management
  • B: Account Reconciliation Management
  • C: Data Management
  • D: Supplemental Data Management
  • E: Financial Close Management



Question 2
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 3
For which three levels can Profiles be set in Data Management?

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



Question 4
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 5
A company has two subsidiaries with 1000 EURO each in the Cash account. 
Which four Consolidation Members will reflect 2000 EURO at the company’s balance? (Choose four.)

  • A: FCCS_Elimination
  • B: FCCS_Proportion
  • C: FCCS_Entity Input
  • D: FCCS_Entity Consolidation
  • E: FCCS_Entity Total
  • F: FCCS_Contribution



Question 6
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 7
The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting. 
To define a Close Manager task template to monitor all seven days, which day range should you define?

  • A: Day -3 to Day 4
  • B: Day -3 to Day 3
  • C: Day 1 to Day 7
  • D: Day -2 to Day 4



Question 8
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 9
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 10
Which statement is true regarding Data Management categories?

  • A: Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
  • B: Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
  • C: Application mapping is not required if the global mapping target category is exactly correct.
  • D: The category’s time frequency allows data to be loaded to daily, weekly, and monthly scenarios.








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