Oracle : 1z0-1081-23 Questions & Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Data Integration and Reporting22%- Data forms and valid intersections
- Financial reporting and dashboards
- Data loading and integration configuration
- EPM Automate and application maintenance
Topic 2: Application Setup and Configuration28%- Dimension management and metadata configuration
- System settings and validation
- Security setup and role assignment
- FCCS architecture and business process setup
Topic 3: Consolidation Process and Logic28%- Consolidation workflow and balance calculation
- Currency translation and exchange rates
- Ownership management and consolidation methods
- Intercompany eliminations and adjustments
Topic 4: Close Process and Journal Management22%- Task Manager configuration
- Approval units and workflow
- Journal creation, approval and posting
- Supplemental Data setup

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question #1

Which statement about Opening Balance Override rules is true?

  • A. They are available only if Intercompany Data with Tracking is enabled for the business process.
  • B. You can select which entities to include in the rule scope.
  • C. You can select which accounts to include in the rule scope.
  • D. Opening Balance Override rules execute for the first period in the year only.
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Correct Answer: C  🗳️

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Question #2

In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

  • A. Target application
  • B. Data tile name
  • C. Member mappings
  • D. Scenario
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Correct Answer: A,C  🗳️

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Question #3

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. You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
  • C. You can include Data Management artifacts in the clone.
  • D. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
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Correct Answer: D  🗳️

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Question #4

Which two statements are true about the Multi-GAAP feature? (Choose two.)

  • A. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
  • B. Select this option if you need to report your financial statements only in IFRS.
  • C. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
  • D. You must specify a prefix for entities that use the alternate gap standard.
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Correct Answer: A,C  🗳️

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Question #5

You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

  • A. Create a Configurable Consolidation rule.
  • B. Create a valid intersection rule.
  • C. Create a Task Manager rule.
  • D. Create a Groovy rule.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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