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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
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) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

2. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Workbench
B) Execute Integration dialog box
C) Location Attributes section of the Create Integration dialog box
D) Options tab of the Application Details dialog box

3. Which statement is FALSE about running consolidations?

A) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
B) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
C) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
D) When you consolidate a parent, children with the Impacted calculation status are also consolidated.

4. Which statement is true of reporting currencies?

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

5. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Account
B) Data Source (Entity)
C) Year
D) Period
E) Scenario

Solutions: