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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A. Is Plug Account
B. Plug Account
C. Intercompany Account
D. Intercompany Entity

Question 2

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_CashChange movement member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
C. FCCS_CashFlow_Accounts Payable account member
D. FCCS_CashFlow_Operating movement member
E. FCCS_Accounts Payable account member

Question 3

For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A. The View dimension stores only periodic data.
B. All parent members in the Account dimension must have a Solve Order value of 58.
C. You cannot add member formulas to members of the Movement dimension.
D. Account is a Sparse dimension.

Question 4

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A. this setting will not affect additions or subtractions to the next parent
B. add amounts consolidated to the parent
C. subtract amounts consolidated to the parent
D. you can't load data to this account

Question 5

You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

A. An error, you can't add a new task past the due date.
B. The task will not run.
C. The new task will run outside of the schedule end date.
D. The schedule end date changes to match the end date of the task.

Solutions: