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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

Which two statements are correct with regard to Data Management locations? (Choose two.)

A. Locations must specify an import format, which may be used by other locations.
B. Data load rules can be shared across locations.
C. Locations can share dimension member mappings by specifying a location as a parent location of others.
D. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
E. The logic account group is required in order to effect running of calculations after the data load.
F. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.

Question 2

PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

A. First order relation
B. First common parent
C. Generation 0
D. Lowest common denominator

Question 3

What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

A. FCCS_Contribution
B. FCCS_Parent Currency
C. FCCS_Entity Consolidation
D. FCCS_Entity Total

Question 4

You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A. Create a Configurable Consolidation rule.
B. Create a Groovy rule.
C. Create a valid intersection rule.
D. Create a Task Manager rule.

Question 5

What can the Intercompany Dimension be enabled and made visible within your application?

A. during application creation and selecting the Intercompany Data feature option
B. during application creation and selecting the Multi-source Data Input of Other Data
C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
D. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

Solutions: