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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) PQR
B) H 1 and P 2
C) No elimination is performed, because H 1 and P 1 do not have the same parent.
D) Hickory and Paducah

2. A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

A) Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
B) Load detailed Fixed Asset data to Movement members.
C) Add custom Movement members to the FCCS_CashFlow hierarchy.
D) Create a Roll Forward in the account dimension.
E) Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

3. Which statement
is FALSE when Intercompany Data is enabled?

A) Tracking intercompany eliminations is optional.
B) The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
C) Intercompany accounts are assigned plug accounts.
D) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

4. Which statement correctly describes the Consolidation dimension?

A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension allows users to see input versus journal adjustment data.
C) The dimension uses a separate member to store data from an entity's descendants.
D) The dimension aggregates input, consolidated, and elimination data together.

5. In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A) when the tasks are often late in completion and they need to be monitored more closely
B) when the tasks require multiple levels of approvers
C) when the tasks require consistent definition across close schedules
D) when the tasks are repeatable over multiple close cycles

Solutions: