[Jan-2023] Dumps Brief Outline Of The 1z0-1081-22 Exam - PracticeDump
1z0-1081-22 Training & Certification Get Latest Oracle Financial Consolidation and Close Cloud Service
NEW QUESTION 59
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Suppress missing blocks
- B. Report performance
- C. Expanded vs. single data segments
- D. Designing dynamic reports
Answer: A
NEW QUESTION 60
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. provide the ability to collaborate during close and analyse transaction detail in real time
- 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. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
- D. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
- E. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
Answer: B,C
NEW QUESTION 61
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)
- A. Retrieve data
- B. Adjust data with Journals
- C. Run a rule such as Consolidate or Translate
- D. Submit data
Answer: A,C,D
NEW QUESTION 62
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
- A. FCCS_Entity Total
- B. FCCS_Parent Currency
- C. FCCS_Contribution
- D. FCCS_Entity Consolidation
Answer: C
NEW QUESTION 63
What is
the function of Source Mapping in Data Management?
- A. Defined the input currency for each data source supplying data to the application.
- B. Define the close calendar periods.
- C. Manage source periods in relation to global periods.
- D. Map local dimension members to the application dimension members.
Answer: A
Explanation:
Data Management supports the ability to load data that is of a currency different from the default currency of the selected location. This option enables you to specify the location in the input line that specifies the currency for the related amount field.
NEW QUESTION 64
Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?
- A. An intercompany elimination was performed.
- B. An ownership percentage for the entity other than 100 was entered.
- C. A rate was entered into the FCCS_Rate Override account.
- D. The parent entity has a different currency than the child.
Answer: A
NEW QUESTION 65
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
- A. Intercompany Entity
- B. Is Plug Account
- C. Intercompany Account
- D. Plug Account
Answer: B
NEW QUESTION 66
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?
- A. Minority Interest Percentage
- B. Consolidation Percentage
- C. Consolidation Method
- D. Control
- E. Ownership Percentage
Answer: B
Explanation:
The Consolidation Method and Control setting can be manually changed if needed.
NEW QUESTION 67
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
- A. A translation of Company IOU
- B. A consolidation of Company 123
- C. A translation to the USD_Reporting currency member for Company IOU
- D. A consolidation of Company XYZ
- E. A translation of Company XYZ to Parent Currency
Answer: E
NEW QUESTION 68
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- A. enables the application to include Intercompany data.
- B. enables the Elimination member in the Consolidation dimension
- C. process will separate total elimination values by Data Source.
- D. enables the application to perform Intercompany eliminations
Answer: C
NEW QUESTION 69
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Include Supplemental Data
- B. Track Multi-Source Data Input
- C. Automatically calculate adjustment
- D. Allow adjustments for IFRS
Answer: C
NEW QUESTION 70
Which statement correctly describes the Consolidation dimension?
- A. The dimension uses a separate member to store data from an entity's descendants.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension allows users to see input versus journal adjustment data.
- D. The dimension aggregates input, consolidated, and elimination data together.
Answer: C
NEW QUESTION 71
Which statement
is false regarding establishing security for Financial Consolidation and Close?
- A. The Identity Domain Administrator inherits full access privileges.
- B. All members are accessible for dimensions with no security applied.
- C. Security can be disabled for any dimension.
- D. Security can be assigned at a prevent level.
- E. Security is mandatory for one dimension.
Answer: B
Explanation:
The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
Reference:
admin_security_predefined_roles_112x5e7954a4.html
NEW QUESTION 72
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- A. Image
- B. Grid
- C. Chart
- D. Header
Answer: B,C
Explanation:
Report objects include:
* Grids
* Text
NEW QUESTION 73
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks are repeatable over multiple close cycles
- B. when the tasks require consistent definition across close schedules
- C. when the tasks require multiple levels of approvers
- D. when the tasks are often late in completion and they need to be monitored more closely
Answer: A
Explanation:
A task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.D18912E1457D5D1DDCBD40AB3BF70D5D Reference:
cm_templates_managing.html
NEW QUESTION 74
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
- A. Supplemental Data Management
- B. Data Management
- C. Financial Close Management
- D. Account Reconciliation Management
- E. Process Management
Answer: D
NEW QUESTION 75
Which statement
is true of the default FCCS_ members within an application?
- A. You can change the Name.
- B. You can change the Alias.
- C. You can change the Data Storage property.
- D. You can change the default FCCS_ member prefix at application creation.
Answer: B
Explanation:
The member names of the seeded accounts cannot be changed, but the aliases can.
Reference:
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+change+the+Alias&oq=default+FCCS_+members+within+an+application+can+change+the
+Alias&gs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXABGD QwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gwswiz&ved=0ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0&uact=5
NEW QUESTION 76
When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?
- A. 12-month and 13-month
- B. Any number of months can be selected
- C. 12-month, 13-month and a 14-month
- D. 12-month only
Answer: A
NEW QUESTION 77
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