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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
B) Set the currency on the form to Parent Currency.
C) Select level 0 dimension members for POV\ rows, and columns. www*'
D) Set the consolidation member on the form to FCCS Entity Input.
E) Grant the data input users Write access to the dimension members used on the form.

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

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

3. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Data Source
B) Period
C) Scenario
D) Entity
E) Year
F) Consolidation

4. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Account
B) Period
C) Scenario
D) Data Source (Entity)
E) Year

5. 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) Parent account calculations depend on the sequencing.
D) Years should be consolidated sequentially to ensure that rollforward calculations are correct.

Solutions: