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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A) The data export format / file extension is always extracted in a CSV file format.
B) The data export format / file extension is always extracted in a ZIP file format.
C) The data export format / file extension is always extracted in a DAT file format.
D) The data export format / file extension is always extracted in a XLS file format.

2. Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

A) P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
B) P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
C) P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
D) P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

3. 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?

A) System Changed (SC)
B) Need Translate
C) OK
D) Impacted

4. Which statement correctly describes the Consolidation dimension?

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

5. 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?

A) February should be consolidated, after which the cash at AceCo is now 65.
B) January should be consolidated for the change and nothing needs to happen for February.
C) January and February should be consolidated.
D) There is no way to do a prior period entry like this.

Solutions: