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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.1Z0-1081-20.2021-01-09.1e.68q.vcex
Size 66 Kb
Posted January 09, 2021
Downloads 2



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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
If the Alias of an Entity that marked as …oeIs 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 automatically changed to the new Entity Alias. 
  • C: The Intercompany Alias is not automatically changed to the new Entity Alias.
  • D: The Intercompany Alias is automatically set to the Intercompany Name.



Question 6
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 7
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

  • A: Enable a dimension for Currency after application creation via a Metadata load.
  • B: During application creation, select the Multicurrency option of …oeNo… and insert additional currencies within the Currency dimension.
  • C: During application creation, select the Multicurrency option of …oeYes….
  • D: Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.



Question 8
Which statement is FALSE when enabling a Multi-GAAP application?

  • A: Two custom dimensions are available after enabling Multi-GAAP.
  • B: The Multi-GAAP dimension is optional.
  • C: The system automatically creates an FCCS_IFRS member.
  • D: Additional GAAP adjustment can be created.



Question 9
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 10
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








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