Download Oracle Financial Consolidation and Close 2020 Implementation Essentials.1Z0-1081-20.PremDumps.2021-01-29.80q.vcex

Vendor: Oracle
Exam Code: 1Z0-1081-20
Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials
Date: Jan 29, 2021
File Size: 92 KB
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Demo Questions

Question 1
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
  1. Process Management
  2. Account Reconciliation Management
  3. Data Management
  4. Supplemental Data Management
  5. Financial Close Management
Correct answer: B
Question 2
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
  1. ERP Cloud
  2. Supplemental Data
  3. Data Management
  4. ERP r12
Correct answer: BC
Question 3
For which three levels can Profiles be set in Data Management?
  1. Category
  2. Source System
  3. System
  4. User
  5. Application
Correct answer: CDE
Question 4
Which two prebuilt calculations run on the Movement dimension to determine CTA by account? 
  1. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
  2. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
  3. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
  4. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
Correct answer: CD
Question 5
If the Alias of an Entity that marked as …oeIs Intercompany… and is later changed, what happens to the corresponding Intercompany member Alias?
  1. The Intercompany Alias is set to the Entity Name.
  2. The Intercompany Alias is automatically changed to the new Entity Alias. 
  3. The Intercompany Alias is not automatically changed to the new Entity Alias.
  4. The Intercompany Alias is automatically set to the Intercompany Name.
Correct answer: B
Question 6
A company has two subsidiaries with 1000 EURO each in the Cash account. 
Which four Consolidation Members will reflect 2000 EURO at the company’s balance? (Choose four.)
  1. FCCS_Elimination
  2. FCCS_Proportion
  3. FCCS_Entity Input
  4. FCCS_Entity Consolidation
  5. FCCS_Entity Total
  6. FCCS_Contribution
Correct answer: CDEF
Question 7
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
  1. Enable a dimension for Currency after application creation via a Metadata load.
  2. During application creation, select the Multicurrency option of …oeNo… and insert additional currencies within the Currency dimension.
  3. During application creation, select the Multicurrency option of …oeYes….
  4. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
Correct answer: C
Question 8
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
  1. Drill-back to SDM is not an available feature.
  2. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
  3. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process. 
  4. By selecting Track Multi-source Data Input option for Other Data during the application creation process.
Correct answer: B
Question 9
Which statement is FALSE when enabling a Multi-GAAP application?
  1. Two custom dimensions are available after enabling Multi-GAAP.
  2. The Multi-GAAP dimension is optional.
  3. The system automatically creates an FCCS_IFRS member.
  4. Additional GAAP adjustment can be created.
Correct answer: A
Question 10
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? 
(Choose three.)
  1. Submit data
  2. Adjust data with Journals
  3. Retrieve data
  4. Run a rule such as Consolidate or Translate
Correct answer: ACD
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