Oracle Financial Consolidation and Close 2021 Implementation Essentials - 1Z0-1081-21 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

What is the function of Source Mapping in Data Management?

A. Manage source periods in relation to global periods. B. Defined the input currency for each data source supplying data to the application. C. Maplocal dimension members to the application dimension members. D. Define the close calendar periods.

Discussion 0

Correct Answer: B Vote an answer

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Question 2

When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A. An extra custom dimension will beavailable. B. The FCCS_No Intercompany member of the ICP dimension will be used for all data. C. Data can be stored by intercompany partner but no eliminations will occur. D. The ICP dimension will be omitted.

Discussion 0

Correct Answer: D Vote an answer

Question 3

Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A. Entity, Currency, Account B. Consolidation, Currency, Account C. Entity, Consolidation, Currency D. Currency, Account, Movement

Discussion 0

Correct Answer: D Vote an answer

Question 4

Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

A. Ensure security of sensitive data. B. Provide a strong compliance framework that includes auditing and segregation of duties. C. Integrate with source systems. D. Provide predictive analysis and modeling.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question 5

Which statement about the Equity Pickup feature is FALSE?

A. Equity Pickup rules run as part of the consolidation process. B. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions. C. Seeded rule-sets are provided for Equity Pickup. D. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.

Discussion 0

Correct Answer: A Vote an answer

Question 6

Which two statements are correct with regard to Data Management locations? (Choose two.)

A. Location securityallows users to be provisioned in Shared Services for read or modify access to each location. B. Locations can share dimension member mappings by specifying a location as a parent location of others. C. The logic account group is required in order to effect running of calculations after the data load. D. Locations must specify an import format, which may be used by other locations. E. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls. F. Data load rules can be shared across locations.

Discussion 0

Correct Answer: B,D Vote an answer

Question 7

PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?

A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1 B. Entity P_2,Consolidation FCCS_Contribution, Intercompany H_1 C. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_NoIntercompany D. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

Discussion 0

Correct Answer: A Vote an answer