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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B) Values for Opening Balance are retrieved from the prior period's Closing Balance.
C) Translated values for Closing Balance are adjusted to the ending rate for the period.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

2. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

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

3. Which two statements are true regarding the Copy Data function?

A) You cannot select which Account members to copy.
B) You can copy data for historical rate and amount overrides.
C) You can select which Consolidation dimension member to copy.
D) When you select the Regular Data option, journals data is included.

4. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Export metadata
B) Run a business rule
C) Load a data file
D) Import journals

5. Which statement is true of reporting currencies?

A) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
B) All reporting currency members have the suffix Reporting.
C) All input currencies that you add are automatically added as reporting currencies as well.
D) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.

Solutions: