Most UptoDate Oracle 1z0-1081-22 Exam Dumps PDF 2023
100% Free Oracle Financial Consolidation and Close Cloud Service 1z0-1081-22 Dumps PDF Demo Cert Guide Cover
NEW QUESTION 40
For which
scenario would an On-Demand rule be an appropriate solution?
- A. to add a column with a calculation to a report
- B. to copy data from one scenario to a different scenario
- C. to allocate data to base entities prior to consolidation
- D. to perform a custom currency translation for a subset of accounts
Answer: B
Explanation:
Copy data from one scenario to another one.
NEW QUESTION 41
For which three levels can Profiles be set in Data Management?
- A. Category
- B. Source System
- C. System
- D. Application
- E. User
Answer: C,D,E
NEW QUESTION 42
Which statement is correct regarding intercompany eliminations?
- A. Intercompany eliminations are needed when a company divests itself of a division.
- B. Intercompany eliminations are generally required to remove the effect of transactions within the company.
- C. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- D. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
Answer: B
NEW QUESTION 43
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. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
- B. provide the ability to collaborate during close and analyse transaction detail in real time
- C. 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
- D. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
- E. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
Answer: C,D
NEW QUESTION 44
What are
two important first steps in initially setting up Task Manager?
- A. Set up Users.
- B. Define system settings such as Organization units, Holiday rules and Task attachment size.
- C. Create a schedule and set it to Open status.
- D. Assign tasks to users.
Answer: A,B
Explanation:
Reference:
cm_close_process_overview.html
NEW QUESTION 45
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?
- A. The FCCS_No Intercompany member of the ICP dimension will be used for all data.
- B. The ICP dimension will be omitted.
- C. Data can be stored by intercompany partner but no eliminations will occur.
- D. An extra custom dimension will be available.
Answer: B
NEW QUESTION 46
For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?
- A. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.
- B. Create an on-demand rule in Calculation Manager that you run after consolidation.
- C. Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.
- D. Edit the numbers using a web form or Smart View after consolidating.
Answer: C
Explanation:
From the Consolidation Process page, select the Consolidated tab, and then selectConfigurable Consolidation.
Click the Create Rule Set.
Reference:
consolidation_creating_rule_sets.html
NEW QUESTION 47
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. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
- 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. The changes in the relational database are synced to the underlying Essbase cube.
Answer: A
NEW QUESTION 48
Which statement
is FALSE when Intercompany Data is enabled?
- A. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- B. Intercompany accounts are assigned plug accounts.
- C. Tracking intercompany eliminations is optional.
- D. The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
Answer: A
Explanation:
Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.
Reference:
admin_tax_automation_intercompany_eliminations_100x084ae29f.html
NEW QUESTION 49
If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
- A. The FCCS_No Intercompany member of the ICP dimension is used for all data.
- B. An extra custom dimension is available.
- C. The ICP dimension is omitted.
- D. Data can be stored by intercompany partner but no eliminations will occur.
Answer: A
Explanation:
Reference:
admin_dimensions_intercompany_124x5ae77515.html
NEW QUESTION 50
What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?
- A. The data export format / file extension is always extracted in a CSV file format.
- B. The data export format / file extension is always extracted in a XLS file format.
- C. The data export format / file extension is always extracted in a DAT file format.
- D. The data export format / file extension is always extracted in a ZIP file format.
Answer: A
Explanation:
D18912E1457D5D1DDCBD40AB3BF70D5D
The system creates an export file for each artifact (.csv).
NEW QUESTION 51
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. Integrate with source systems.
- C. Provide predictive analysis and modeling.
- D. Provide a strong compliance framework that includes auditing and segregation of duties.
Answer: A,B,D
NEW QUESTION 52
Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
- A. FCCS_Accounts Payable account member
- B. FCCS_Total Balance Sheet - Cash and NonCash account member
- C. FCCS_CashFlow_Operating movement member
- D. FCCS_CashChange movement member
- E. FCCS_CashFlow_Accounts Payable account member
Answer: B,E
NEW QUESTION 53
Which statement
about the Equity Pickup feature is FALSE?
- A. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
- B. Seeded rule-sets are provided for Equity Pickup.
- C. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
- D. Equity Pickup rules run as part of the consolidation process.
Answer: D
NEW QUESTION 54
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. System Administrator
- B. Metadata Supervisor
- C. Power User
- D. Metadata Administrator
Answer: D
Explanation:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION 55
For which three tasks can Data Management be used? (Choose three.)
- A. loading a Metadata Import File
- B. drilling through from a web form or Smart View
- C. loading data from a fixed width or delimited text file
- D. writing back data to source systems
- E. loading data that is period-to-date or year-to-date
Answer: B,C,D
Explanation:
fixed width file or a delimited file,
In Data Management, write-back functionality is available.
Reference:
integrate_file_104xd8fa487f.html
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/write-back.html
https://docs.oracle.com/applications/smartview/810/UGSUG/
drill_through_procedure_102xd6eca4c6.htm#UGSUG-GUID-C221538B-5352-4742-A1A1-18F16CE4D099
NEW QUESTION 56
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