Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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No. of Questions: 60 Questions & Answers with Exam Engine
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Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Task and Data Management | - Manage close process using Task Manager - Data import, export, and integrations |
| Topic 2: Consolidation and Close Execution | - Intercompany eliminations and adjustments - Run consolidations and currency translation |
| Topic 3: Setup and Configuration | - Application setup and business process configuration - Security configuration and user roles |
| Topic 4: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Topic 5: Overview of Financial Consolidation and Close | - Consolidation and close process architecture - Overview of FCCS features |
| Topic 6: Dimension and Metadata Management | - Manage dimensions and hierarchies - Import and edit members |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Which two are members in the Consolidation dimension? (Choose two.)
- A. FCCS Data Input
- B. FCCS Total input And Adjusted
- C. FCCS Entity Input
- D. FCCS Proportion
Correct Answer: C,D 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
The company PQR has an ownership structure as shown below.
H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?
- A. PQR
- B. H 1 and P 2
- C. No elimination is performed, because H 1 and P 1 do not have the same parent.
- D. Hickory and Paducah
Correct Answer: D 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?
- A. None
- B. Write
- C. Read
- D. Comment
Correct Answer: C 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?
- A. An intercompany elimination was performed.
- B. The parent entity has a different currency than the child.
- C. An ownership percentage for the entity other than 100 was entered.
- D. A rate was entered into the FCCS Rate Override account.
Correct Answer: C 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
What action requires refreshing the database?
- A. You deploy a new Configurable Calculation rule in Calculation Manager.
- B. You change the ownership percentage for an entity.
- C. You edit the alias for a member in the Entity dimension.
- D. You edit the Consolidation Operator for a member in the Account dimension.
Correct Answer: C 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
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