Download Oracle Financial Consolidation and Close 2020 Implementation Essentials.PremDumps.1Z0-1081-20.2021-01-29.1e.80q.vcex

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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.1Z0-1081-20.2021-01-29.1e.80q.vcex
Size	92 Kb
Posted	January 29, 2021
Downloads	157

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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

Correct Answer: B

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

Correct Answer: BC

Question 3

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

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

Correct Answer: CDE

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

Correct Answer: CD

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.

Correct Answer: B

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

Correct Answer: CDEF

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.

Correct Answer: C

Question 8

How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A: Drill-back to SDM is not an available feature.
B: Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
C: By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
D: By selecting Track Multi-source Data Input option for Other Data during the application creation process.

Correct Answer: B

Question 9

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