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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Days Sales in Receivables
B) Contribution Margin
C) Inventory Ratios
D) Earnings per Share
E) Gross Margin
F) Debt Ratio

2. When do you enable submission phases for your approval process?

A) When you set the member properties for the entity
B) When you assign the approval unit hierarchy to a scenario, period, and year
C) When you start the approval process for an approval unit on the Manage Approvals page
D) When you set up the approval unit hierarchy

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

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

5. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) Reporting currencies have been defined in the Currency dimension.
B) The default currency of the child is different from the default currency of the parent.
C) To specify exchange rates you must set up multiple currencies when creating an application.
D) The child entity is NOT a shared entity.

Solutions: