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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For which
scenario would an On-Demand rule be an appropriate solution?

A) to copy data from one scenario to a different scenario
B) to perform a custom currency translation for a subset of accounts
C) to add a column with a calculation to a report
D) to allocate data to base entities prior to consolidation

2. A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A) Common Stock must have a Data Storage property set to Never Share.
B) USD must be created as a reporting currency.
C) The subsidiary must have a balance not equal to zero in Common Stock.
D) Common Stock must have an Exchange Rate Type set to Historical Rate Override.
E) The subsidiary must have a parent entity with a GBP currency.

3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select users with the Service Administrator security role.
B) Select the Consolidation template when setting up the Approval Unit hierarchy.
C) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D) Delete the default Approval Unit hierarchy.

4. In Data Integration, for what purpose do you use Workbench?

A) To edit the data load file format
B) To configure data load options
C) To review mapping of source to target members
D) To define dimension mapping

5. When enabling Multi-GAAP during application creation, which additional option is available?

A) Track Multi-Source Data Input
B) Allow adjustments for IFRS
C) Include Supplemental Data
D) Automatically calculate adjustment

Solutions: