100% Free 1Z0-1081-21 Exam Dumps to Pass Exam Easily from Real4dumps [Q49-Q68]

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100% Free 1Z0-1081-21 Exam Dumps to Pass Exam Easily from Real4dumps

Free 1Z0-1081-21 Exam Questions 1Z0-1081-21 Actual Free Exam Questions

NO.49 In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
Response:

Movement of FX impact for historical rate accounts to the FCCS_CTA account

The current FCCS_CTA account balance does not change from the prior period

A variance in the Average rate and the Ending rate

The account is FCCS_Net Income

NO.50 You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
Response:

In the member selection for Entity, do not include shared entities, include only primary instances of entities.

Select level 0 dimension members for the POV, rows, and columns.

Set the currency on the form to Parent Currency.

Grant the data input users WRITE access to the dimension members used on the form.

Set the consolidation member on the form to FCCS_Entity Input.

NO.51 In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

Movement of FX impactfor historical rate accounts to the FCCS_CTA account

A variance in the Average rate and the Ending rate

The current FCCS_CTA account balance does not change from the prior period

The account is FCCS_Net Income

NO.52 What are two important first steps in initially setting up Task Manager?

Set up Users.

Define system settings such as Organization units, Holiday rules and Task attachment size.

Assign tasks to users.

Create a schedule and set it to Open status.

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

NO.53 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

NO.54 Which three fields must be defined whenregistering a file-based source system in Data Management? (Choose three.)

Source Type

Drill URL

Cloud Type

Description

Name

NO.55 What information is included in the data extract export file delimited format?
Response:

the ID of the user performing the extract

the domain and application name

the data load cube name

the application name

NO.56 Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro.
One of the Company XYZ’s subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
Response:

A translation to the USD_Reporting currency member for Company IOU

A translation of Company XYZ to Parent Currency

A consolidation of Company XYZ

A consolidation of Company 123

A translation of Company IOU

NO.57 To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

Metadata Administrator

Metadata Supervisor

SystemAdministrator

Power User

Explanation
Explanation/Reference:
Service Administrators have Write access to all dimension members and to all forms.
Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATIONDEV

NO.58 When enabling Multi-GAAP during application creation, which additional option is available?

Automatically calculate adjustment

Allow adjustments for IFRS

Track Multi-Source Data Input

Include Supplemental Data

NO.59 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

NO.60 Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

The Cash Change hierarchy cannot be modified.

All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in theFCCS_CashFlow hierarchy.

The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.

Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.

Siblings can be added to the FCCS_CashFlow_Investing member.

NO.61 On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
Response:

the third Friday of each month to apply to both TEST and PROD simultaneously

the first and third Monday of each month; first Monday for TEST and third Monday for PROD

the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD

the first and third Friday of each month; first Friday for TEST and third Friday for PROD

NO.62 P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

There is no way to do a prior period entry like this.

January and February should be consolidated.

February should be consolidated, after which the cash at AceCo is now 65.

January should be consolidated for the change and nothing needs to happen for February.

NO.63 You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
Response:

Consolidation Report

Journal Report

Intercompany Report

Financial Report

NO.64 When can the Intercompany Dimension be enabled and n=made visible within your application?

during application creation and selecting Multi-source DataInput of Other Data

after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

during application creation and selecting the Intercompany Data feature option

NO.65 When defining a batch inData Management, which statement is True?

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

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

Batches can execute data loads for multiplelocations.

A batch replaces the need for data load rules.

A batch can load to multiple plan types.

NO.66 Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

pre-built integrations to combine narrative and data to produce both internal and external reporting packages

calculations, dashboards and reports to provide analysis for cash flow modeling

calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

calculations, dashboards and reports built on planning frameworksto provide cash flow planning

NO.67 P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
Response:

There is no way to do a prior period entry like this.

January and February should be consolidated.

February should be consolidated, after which the cash at AceCo is now 65.

January should be consolidated for the change and nothing needs to happen for February.

NO.68 Which is true behavior of default FCCS_ members within an application?

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

You can change the Alias of these default FCCS_ members at any time.

You canchange the Name of these default FCCS_ members at any time.

You cannot change the Alias of these default FCCS_ members.

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Oracle 1Z0-1081-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Customize the translation process using translation rules and custom rate accounts Configure the default translation method and default rate accounts
Topic 2	Add and edit members using the Simplified Dimension Editor Add users and assign security roles
Topic 3	Create journal, intercompany, and consolidation reports Set Up the Financial Consolidation and Close Business Process
Topic 4	Create consolidation adjustments with Configurable Consolidation Rules Describe Financial Consolidation and Close features
Topic 5	Configure statutory consolidations using Ownership Management and Consolidation Methods Describe the Account, Entity, and Scenario dimensions
Topic 6	Create import formats, locations, period mappings, and category mappings Run the setup wizard for the FCC business process
Topic 7	Build Out Your Financial Consolidation and Close Solution Explain the consolidation process (translate, eliminate, consolidate) and closing balance calculation

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100% Free 1Z0-1081-21 Exam Dumps to Pass Exam Easily from Real4dumps [Q49-Q68]

Oracle 1Z0-1081-21 Exam Syllabus Topics:

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