Latest Jul 22, 2022 Real 1Z0-1081-21 Exam Dumps Questions Valid 1Z0-1081-21 Dumps PDF [Q39-Q61]

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Latest Jul 22, 2022 Real 1Z0-1081-21 Exam Dumps Questions Valid 1Z0-1081-21 Dumps PDF

Oracle 1Z0-1081-21 Exam Dumps – PDF Questions and Testing Engine

Oracle 1Z0-1081-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Build Out Your Financial Consolidation and Close Solution Explain the consolidation process (translate, eliminate, consolidate) and closing balance calculation
Topic 2	Customize the translation process using translation rules and custom rate accounts Configure the default translation method and default rate accounts
Topic 3	Create consolidation adjustments with Configurable Consolidation Rules Describe Financial Consolidation and Close features
Topic 4	Configure system setting profiles, set up source systems, register target applications Financial Consolidation and Close Overview
Topic 5	Create custom consolidation calculations with Configurable Calculations and On Demand Rules Create member mappings and define data load rules

Q39. Which four sample ratios can be selected during business process creation?

Inventory Ratios

Gross Margin

Contribution Margin

Earnings per Share

Debt Ratio

Days Sales in Receivables

Q40. For which three dimensions is security enabled by default?
Response:

Data Source

Entity

Consolidation

Scenario

Account

Q41. What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

This setting does not affect aggregation to the parent.

You cannot load data to this account.

Addamounts aggregated to the parent.

Subtract amounts aggregated to the parent.

Explanation
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ aggregation_consolidation_operator.html

Q42. For which scenario would an On-Demand rule be an appropriate solution?
Response:

to perform a custom currency translation for a subset of accounts

to add a column with a calculation to a report

to copy data from one scenario to a different scenario

to allocate data to base entities prior to consolidation

Q43. When defining a batch in Data Management, which statement is True?
Response:

Batches can execute data loads for multiple locations.

Batches can import from source or export to target, but not both.

Each data load rule must specify the period or the batch will default to the POV period.

A batch replaces the need for data load rules.

A batch can load to multiple plan types.

Q44. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

The FCCS_No Intercompany member of the ICP dimension will be used for all data.

Data can be stored by intercompany partner but no eliminations will occur.

An extra custom dimension will beavailable.

The ICP dimension will be omitted.

Q45. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
Response:

FCCS_Proportion

FCCS_Data Input

FCCS_SystemTypes

FCCS_No Data Source

Q46. Which three scenarios result in foreign currency translation during the default consolidation process?
(Choose three.)
Response:

A base entity currency has a parent entity with a matching default currency.

A base entity currency has a parent entity with a different default currency

A parent entity has the same default currency as its parent.

A parent entity has a different currency from its parent.

A shared entity has a parent with a different currency.

Q47. How do you enable multiple currencieswithin a Financial Consolidation and Close (FCCS) application?

Enable a dimension for Currency after application creation via a Metadata load.

During application creation, select the Multicurrency option of “No” and insert additional currencies within the Currency dimension.

During application creation, select the Multicurrency option of “Yes”.

Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

Explanation/Reference:
Enable a dimension for Currency after application creation via a Metadata load.
Reference:https://alexandertechniqueworkshops.com/5dmqxf1u/55aba3-fccs-currency-dimension

Q48. You have added a new task to a close schedule with a task due date past the defined end date of the schedule.
What isthe result of the change?

The new task will run outside of the schedule end date.

An error, you can’t add a new task past the due date.

The schedule end date changes to match the end date of the task.

The task will not run.

Explanation/Reference:
When you add a new task to a schedule, it automatically is scheduled to start on the project’s start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project’s finish date.
Reference:
https://support.microsoft.com/en-us/office/how-project-schedules-tasks-behind-the-scenesdf3431ab-8d8a-4047-a

Q49. Which statement is true of the default FCCS_ members within an application?
Response:

You can change the default FCCS_ member prefix at application creation.

You can change the Alias.

You can change the Data Storage property.

You can change the Name.

Q50. A company wouldlike to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

Add custom members for Additions and Disposals as dependents of
FCCS_Mvmts_CapitalExpenditures.

Load detailed Fixed Asset data to Movement members.

Add custom Movement members to the FCCS_CashFlow hierarchy.

Create a Roll Forward in the account dimension.

Q51. Once metadata is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

Impacted

Need Translate

System Changed (SC)

Explanation/Reference:
The entity’s calculation status must be OK, No Data, or System Change. You cannot lock an entity with Impacted calculation status.
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ locking_and_unlocking_entities.html

Q52. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?
Response:

The alias of the associated Intercompany member is automatically updated.

The associated Intercompany member must be manually removed.

The associated Intercompany member is automatically removed.

The alias of the associated Intercompany member must be manually changed.

Q53. Which two data extract export file types are available within Financial Consolidation and Close (FCCS)?
(Choose two.)

DAT file type

Excel XLS file type

Comma delimited

Tab delimited

Q54. Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

Ensure security of sensitive data.

Integrate with source systems.

Provide predictive analysis and modeling.

Provide a strong compliance framework that includes auditing and segregation of duties.

Q55. Which three scenarios result in foreign currencytranslation during the default consolidation process? (Choose three.)

A base entity currency has a parent entity with a matching default currency.

A base entity currency has a parent entity with a different default currency.

A parent entity hasthe same default currency as its parent.

A parent entity has a different currency from its parent.

A shared entity has a parent with a different currency.

Q56. Which of the following is allowed for accounts with the data storage type of “Dynamic Calc”?

Load data to this account.

Create member formulas.

Load data to this account and create member formulas.

Enter data through a data form

Q57. When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

ERP Cloud

Supplemental Data

Data Management

ERP r12

Q58. Which four items are active components of the Currency dimension?
(Choose four.)
Response:

Entity Currency

Reporting Currencies

Parent Currency

Translated Currencies

Entity Currency Adjustments

Input Currencies

Q59. Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
(Choose three.)
Response:

Period, Year, Entity

From Currency, Movement, Scenario

Multi-GAAP, Data Type, Intra-company

Value, Entity, Account

Data source, Consolidation, View

Q60. For data load rules in Data Management, which two statements are FALSE?
Response:

If specified, the import format will be used; if not, then the location’s format will be used.

A job must first run to import the data file before the user can run the data load rule.

End users can upload a file when running a data load rule.

Data load rules cannot be shared across locations.

Valid load types are Merge and Replace.

Q61. Financial Consolidation and Close maintains calculation status for which four dimensions?

Data Source

Scenario

Year

Entity

Consolidation

Period

Explanation
Explanation/Reference:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity andParent entity combination. The calculation status indicates whether data needs to be translated or consolidated.
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/consol_calc.html

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Reliable Oracle Cloud 1Z0-1081-21 Dumps PDF Jul 22, 2022 Recently Updated Questions: https://www.real4dumps.com/1Z0-1081-21_examcollection.html

Latest Jul 22, 2022 Real 1Z0-1081-21 Exam Dumps Questions Valid 1Z0-1081-21 Dumps PDF [Q39-Q61]

Oracle 1Z0-1081-21 Exam Syllabus Topics:

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