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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements about the Copy Data function are true? (Choose two.)

A) You can copy data for historical rate and amount overrides.
B) You can select which Consolidation dimension member to copy.
C) You cannot select which Account members to copy.
D) When you select the Regular Data option, journals data is included.

2. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You can include the inbox and outbox contents in the clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You can include Data Management artifacts in the clone.
D) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.

3. Which statement correctly describes what happens to parent entities during consolidation?

A) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
B) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
C) The changes in the relational database are synced to the underlying Essbase cube.
D) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.

4. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) Data can be stored by the intercompany partner but no eliminations occur.
B) The FCCS No Intercompany member of the ICP dimension is used for all data.
C) An extra custom dimension is available.
D) The ICP dimension is omitted.

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

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

Solutions: