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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

A) Generation 0
B) First common parent
C) Lowest common denominator
D) First order relation

2. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Gross Margin
B) Inventory Ratios
C) Earnings per Share
D) Contribution Margin
E) Debt Ratio
F) Days Sales in Receivables

3. What is
the function of Source Mapping in Data Management?

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

4. Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A) An ownership percentage for the entity other than 100 was entered.
B) A rate was entered into the FCCS_Rate Override account.
C) An intercompany elimination was performed.
D) The parent entity has a different currency than the child.

5. Which statement correctly describes when a consolidation can occur within a given year/scenario?

A) The current period consolidation status is Impacted and the remaining periods are OK.
B) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
C) The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
D) A user with power user access first locks the entity so that other users cannot consolidate the same entity.
E) A user has a power user access but only write access to the entity.

Solutions: