Oracle Financial Consolidation and Close 2020 Implementation Essentials - 1Z0-1081-20 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

You need to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?

A. the Page Axis B. rows C. columns D. the Point of View

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 2

What information is included in the data extract export file delimited format?

A. the data load cube name B. the application name C. the ID of the user performing the extract D. the domain and application name

Discussion 0

Correct Answer: C Vote an answer

Question 3

You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?

A. Set the currency on the form to Parent Currency. B. In the member selection for Entity, do not include shared entities, include only primary instances of entities. C. Grant the data input users WRITE access to the dimension members used on the form. D. Set the consolidation member on the form to FCCS_Entity Input. E. Select level 0 dimension members for the POV, rows, and columns.

Discussion 0

Correct Answer: C,D,E Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 4

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?

A. Day -2 to Day 4 B. Day -3 to Day 3 C. Day 1 to Day 7 D. Day -3 to Day 4

Discussion 0

Correct Answer: C Vote an answer

Question 5

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward B. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal C. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate D. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

Discussion 0

Correct Answer: A,C Vote an answer

Question 6

Which two statements are true of the roll forward calculation in the Movement dimension?

A. Translated values for Closing Balance are adjusted to the ending rate for the period. B. Values for Opening Balance are retrieved from the prior period Closing Balance. 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.

Discussion 0

Correct Answer: A,B Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 7

Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data. B. The dimension uses a separate member for data from an entity's level zero descendants. C. The dimension allows users to view data in the parent currency. D. The dimension allows users to see input versus journal adjustment data.

Discussion 0

Correct Answer: C Vote an answer

Question 8

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. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness C. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls D. provide the ability to collaborate during close and analyse transaction detail in real time E. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint

Discussion 0

Correct Answer: A,C Vote an answer

Question 9

Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A. Supplemental Data Management B. Process Management C. Data Management D. Account Reconciliation Management E. Financial Close Management

Discussion 0

Correct Answer: D Vote an answer

Question 10

Which is true behavior of default FCCS_ members within an application?

A. You can change the default FCCS_ member prefix at application creation. B. You can change the Name of these default FCCS_ members at any time. C. You can change the Alias of these default FCCS_ members at any time. D. You cannot change the Alias of these default FCCS_ members.

Discussion 0

Correct Answer: B Vote an answer