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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about when Intercompany Data is enabled?

A) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
B) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
C) Intercompany accounts are assigned plug accounts.
D) Tracking intercompany eliminations is optional.

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

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

3. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
B) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
C) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
D) Calculations, dashboards, and reports to provide analysis for cash flow modeling

4. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B) Translated values for Closing Balance are adjusted to the ending rate for the period.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Values for Opening Balance are retrieved from the prior period's Closing Balance.

5. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting a shared member for a rule does not include its primary instance.
B) If a shared member is selected for a rule, the primary instance of the member is selected as well.
C) Selecting the primary instance of a member does not include shared members.
D) If the primary instance of the member is selected for a rule, all shared members for the instances are included.

Solutions: