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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) The parent entity has a different currency than the child.
B) An ownership percentage for the entity other than 100 was entered.
C) A rate was entered into the FCCS Rate Override account.
D) An intercompany elimination was performed.

2. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Load data to this account and create member formulas.
B) Enter data through a data form.
C) Create member formulas.
D) Load data to this account.

3. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) Data can be stored by the intercompany partner but no eliminations occur.
B) An extra custom dimension is available.
C) The FCCS No Intercompany member of the ICP dimension is used for all data.
D) The ICP dimension is omitted.

4. For which task categories is Audit enabled by default?

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

5. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) Hickory and Paducah
B) PQR
C) No elimination is performed, because H 1 and P 1 do not have the same parent.
D) H 1 and P 2

Solutions: