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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true of journals created from Recurring templates?

A) The line items in journals created from Recurring templates are read only.
B) The initial status of journals created from Recurring templates is Posted.
C) Journals for recurring templates are created automatically when you open a period for journals.
D) The initial status of journals created from Recurring templates is Approved.

2. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Proportion
B) FCCS Total input And Adjusted
C) FCCS Entity Input
D) FCCS Data Input

3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select users with the Service Administrator security role.
B) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
C) Delete the default Approval Unit hierarchy.
D) Select the Consolidation template when setting up the Approval Unit hierarchy.

4. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) Security can be disabled for any dimension.
B) The Identity Domain Administrator inherits full access privileges.
C) All members are accessible for dimensions with no security applied.
D) Security is mandatory for one dimension.
E) Security can be assigned at a parent level.

5. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Opening Rate
B) Average Rate
C) Ending Rate
D) Local Rate

Solutions: