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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?

A. A translation of Company XYZ to Parent Currency
B. A consolidation of Company XYZ
C. A translation to the USD_Reporting currency member for Company IOU
D. A consolidation of Company 123
E. A translation of Company IOU

Question 2

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_Entity Total
C. FCCS_Entity Input
D. FCCS_Contribution
E. FCCS_Proportion
F. FCCS_Entity Consolidation

Question 3

What information is included in the data extract export file delimited format?

A. the ID of the user performing the extract
B. the data load cube name
C. the application name
D. the domain and application name

Question 4

Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A. FCCS_Elimination
B. FCCS_Amount_Override
C. FCCS_Rate Override
D. FCCS_Contribution
E. FCCS_Proportion
F. FCCS_Translation

Question 5

For which
scenario would an On-Demand rule be an appropriate solution?

A. to copy data from one scenario to a different scenario
B. to perform a custom currency translation for a subset of accounts
C. to allocate data to base entities prior to consolidation
D. to add a column with a calculation to a report

Solutions: