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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Analysis | - Financial reporting tools
|
| Topic 2: Close Process Management | - Period close activities
|
| Topic 3: Journals and Adjustments | - Manual and automated journals
|
| Topic 4: FCCS Application Configuration | - Application setup and configuration
|
| Topic 5: Metadata and Dimensions | - Metadata management
|
| Topic 6: Security and Access Management | - User roles and permissions
|
| Topic 7: Consolidation Process | - Financial consolidation execution
|
| Topic 8: Data Integration and Loading | - Data management processes
|
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
- A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- B. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- C. Translated values for Closing Balance are adjusted to the ending rate for the period.
- D. Values for Opening Balance are retrieved from the prior period's Closing Balance.
Correct Answer: C,D 🗳️
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Which statement is true about an approval process with the Phase Dependency option enabled?
- A. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
- B. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
- C. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
- D. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
Correct Answer: C 🗳️
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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. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
- C. You cannot deploy Enterprise Journals to a period with Pending status.
- D. You can assign a team as preparer or reviewer.
Correct Answer: A,D 🗳️
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What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?
- A. FCCS Contribution
- B. FCCS Entity Consolidation
- C. FCCS Entity Total
- D. FCCS Totallnput And Adisuted
Correct Answer: B 🗳️
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Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
- A. There is no reason to consolidate years sequentially.
- B. Each period in the year must consolidate separately.
- C. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
- D. Parent account calculations depend on the sequencing.
Correct Answer: C 🗳️
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