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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which task categories is Audit enabled by default?

A) Journals
B) Data only
C) All task categories
D) No task categories

2. Which two statements are true about Enterprise Journals? (Choose two.)

A) Line items can only include entities that have been enabled for Enterprise Journals.
B) You can assign a team as preparer or reviewer.
C) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
D) You cannot deploy Enterprise Journals to a period with Pending status.

3. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) A rate was entered into the FCCS Rate Override account.
B) An intercompany elimination was performed.
C) The parent entity has a different currency than the child.
D) An ownership percentage for the entity other than 100 was entered.

4. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports to provide analysis for cash flow modeling
B) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
C) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
D) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning

5. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Journal
B) Financial
C) Intercompany
D) Consolidation

Solutions: