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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

For which task categories is Audit enabled by default?

A. All task categories
B. Journals
C. Data only
D. No task categories

Question 2

Which statement is true of reporting currencies?

A. All reporting currency members have the suffix Reporting.
B. During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C. All input currencies that you add are automatically added as reporting currencies as well.
D. When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.

Question 3

Which statement about Opening Balance Override rules is true?

A. You can select which accounts to include in the rule scope.
B. You can select which entities to include in the rule scope.
C. They are available only if Intercompany Data with Tracking is enabled for the business process.
D. Opening Balance Override rules execute for the first period in the year only.

Question 4

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

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

Question 5

Which statement is FALSE about when Intercompany Data is enabled?

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

Solutions: