1Z0-1081-20 Dumps with Practice Exam Questions Answers
1Z0-1081-20 by Oracle Financial Consolidation and Close Cloud Service Actual Free Exam Practice Test
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NEW QUESTION 17
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
- A. FCCS_No Data Source
- B. FCCS_Intercompany Eliminations
- C. FCCS_PCON
- D. FCCS_Journal Input
Answer: B,D
Explanation:
Optional - Only if selected during application creation.
Reference: https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII-20191116111928.pdf
NEW QUESTION 18
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
- A. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
- B. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
- C. leverage compliance efforts to fix process issues across all businesses and provide oversight for riskawareness
- D. provide the ability to collaborate during close and analyse transaction detail in real time
- E. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
Answer: B,E
NEW QUESTION 19
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Entity Currency
- B. Parent Currency
- C. Input Currency
- D. Reporting Currency
Answer: D
Explanation:
Currency (Must be a Reporting Currency)
Reference:
setting_up_intercompany_matching_reports.html
NEW QUESTION 20
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Metadata Administrator
- B. Power User
- C. System Administrator
- D. Metadata Supervisor
Answer: A
Explanation:
Explanation/Reference:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION 21
What are two important first steps in initially setting up Close Manager? (Choose two.)
- A. Create a schedule and set it to Open status.
- B. Set up Users.
- C. Assign tasks to users.
- D. Define system settings such as Organization units, Holiday rules and Task attachment size.
Answer: B,D
NEW QUESTION 22
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The task will not run.
- B. The schedule end date changes to match the end date of the task.
- C. An error, you can't add a new task past the due date.
- D. The new task will run outside of the schedule end date.
Answer: B
Explanation:
When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.
NEW QUESTION 23
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Metadata Administrator
- B. Power User
- C. System Administrator
- D. Metadata Supervisor
Answer: A
NEW QUESTION 24
When defining a batch in Data Management, which statement is True?
- A. A batch can load to multiple plan types.
- B. Batches can import from source or export to target, but not both.
- C. Each data load rule must specify the period or the batch willdefault to the POV period.
- D. A batch replaces the need for data load rules.
- E. Batches can execute data loads for multiple locations.
Answer: D
NEW QUESTION 25
You need to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?
- A. rows
- B. the Page Axis
- C. columns
- D. the Point of View
Answer: D
Explanation:
The point of view is displayed on the top of the form. Elements that can be changed are displayed as links in the point of view. For example, if the Entity dimension is displayed as a link, you can change the entity but not the other dimensions in the point of view.
NEW QUESTION 26
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- A. Scenario, View, Parent Entity and Account
- B. Period, Scenario, Base Entity and Parent Entity
- C. Year, Scenario, Base Entity and Account
- D. Scenario, Account, Base Entity and Parent Entity
Answer: B
NEW QUESTION 27
Which two are required fields when registering a source system in Data Management?
- A. Drill Through URL
- B. Name
- C. Source System Type
- D. Cloud Type
Answer: A,B
Explanation:
Reference:
registering_file-based_source_systems.html
NEW QUESTION 28
Which statement is correct regardingintercompany eliminations?
- A. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- B. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
- C. Intercompany eliminations are generally required to remove the effect of transactions within the company.
- D. Intercompany eliminations are needed when a company divests itself of a division.
Answer: C
NEW QUESTION 29
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
- A. Base Currency
- B. Local Currency
- C. Parent Currency
- D. Entity Currency
Answer: D
Explanation:
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.
NEW QUESTION 30
Which statement is false regarding establishingsecurity for Financial Consolidation and Close (FCCS)?
- A. Security is mandatory for one dimension.
- B. Security can be assigned at a parent level.
- C. Security can be disabled for any dimension.
- D. The Identity Domain Administrator inherits full access privileges.
- E. All members are accessible for dimensions with no security applied.
Answer: E
NEW QUESTION 31
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- A. process will separate total eliminationvalues by Data Source.
- B. enables the Elimination member in the Consolidation dimension
- C. enables the application to include Intercompany data.
- D. enables the application to perform Intercompany eliminations
Answer: A
NEW QUESTION 32
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. the Page Axis
- B. the Point of View
- C. a column
- D. Other Options section
Answer: B
NEW QUESTION 33
You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?
- A. Set the currency on the form to the reporting currency member USD_Reporting
- B. Level 0 dimension members on POV, rows and columns
- C. Set access rights for data input users to the form
- D. Give data input users WRITE access to form dimension members
Answer: B,C,D
NEW QUESTION 34
Which statement is FALSE when Intercompany Data is enabled?
- A. Intercompany accounts are assigned plug accounts.
- B. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- C. The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
- D. Tracking intercompany eliminations is optional.
Answer: B
Explanation:
Explanation: Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.
Reference:
admin_tax_automation_intercompany_eliminations_100x084ae29f.html
NEW QUESTION 35
Inwhich two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. The current FCCS_CTA account balance does not change from the prior period
- B. The account is FCCS_Net Income
- C. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- D. A variance in the Average rate and the Ending rate
Answer: A
NEW QUESTION 36
What are two important first steps in initially setting up Task Manager?
- A. Create a schedule and set it to Open status.
- B. Set up Users.
- C. Assign tasks to users.
- D. Define system settings such as Organization units, Holiday rules and Task attachment size.
Answer: B,D
Explanation:
Reference:
cm_close_process_overview.html
NEW QUESTION 37
Once metadata is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?
- A. Impacted
- B. OK
- C. Need Translate
- D. System Changed (SC)
Answer: D
Explanation:
The entity's calculation status must be OK, No Data, or System Change. You cannot lock an entity with Impacted calculation status.
Reference:
locking_and_unlocking_entities.html
NEW QUESTION 38
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Application, then Overview, then Dimensions, and then Export
- B. by selecting Tasks, then Metadata, and then Import
- C. by selecting Dimension, then Import, and then Metadata
- D. by selecting Application, then Overview, then Dimensions, and then Import
Answer: C
NEW QUESTION 39
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. During application creation, select the Multicurrency option of "Yes".
- B. During application creation, select the Multicurrency option of "No" and insert additionalcurrencies within the Currency dimension.
- C. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- D. Enable a dimension for Currency after application creation via a Metadata load.
Answer: D
NEW QUESTION 40
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