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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration and Reporting | 22% | - Data loading and integration
|
| Topic 2: Consolidation Rules and Eliminations | 26% | - Advanced consolidation features
|
| Topic 3: Application Setup and Configuration | 28% | - Security and user management
|
| Topic 4: Financial Close Management | 24% | - Close process setup
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question 1
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 as owners only users with the Service Administrator or Power User security role.
B. Delete the default Approval Unit hierarchy.
C. Select the Consolidation template when setting up the Approval Unit hierarchy.
D. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
Question 2
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
A. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
B. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
C. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
D. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
E. provide the ability to collaborate during close and analyse transaction detail in real time
Question 3
Which statement correctly describes what happens to parent entities during consolidation?
A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
B. The changes in the relational database are synced to the underlying Essbase cube.
C. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
D. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
Question 4
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
A. Account Reconciliation Management
B. Data Management
C. Process Management
D. Supplemental Data Management
E. Financial Close Management
Question 5
Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?
A. Read
B. Comment
C. Write
D. None
Solutions:
| Question 1 Answer: C | Question 2 Answer: A,D | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: A |
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