Latest 1Z0-1081-21 Exam Real Tests Free Updated Today
1Z0-1081-21 Real Exam Question Answers Updated [Mar 13, 2022]
Oracle 1Z0-1081-21 Exam Syllabus Topics:
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NEW QUESTION 66
Which two statements are true regarding the Copy Data function?
- A. You can copy data for historical rate and amount overrides.
- B. You can select which Consolidation dimension member to copy.
- C. You cannot select which Account members to copy.
- D. When you select the Regular Data option, journals data is included.
Answer: A,D
Explanation:
Explanation
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/data_copy.html
NEW QUESTION 67
For your business process, owners of approval units should be able to lock and unlock data without going through an approval process. Which action should you perform?
Response:
- A. Select as owners only users with the Service Administrator or Power User security role.
- B. Select the Consolidation template when setting up the Approval Unit hierarchy.
- C. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
- D. Delete the default Approval Unit hierarchy.
Answer: B
NEW QUESTION 68
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
Response:
- A. Image
- B. Chart
- C. Grid
- D. Header
Answer: D
NEW QUESTION 69
When enabling Multi-GAAP during application creation, which additional option is available?
Response:
- A. Allow adjustments for IFRS
- B. Include Supplemental Data
- C. Track Multi-Source Data Input
- D. Automatically calculate adjustment
Answer: D
NEW QUESTION 70
For which three tasks can Data Management be used?
(Choose three.)
Response:
- A. drilling through from a web form or Smart View
- B. loading data from a fixed width or delimited text file
- C. writing back data to source systems
- D. loading a Metadata Import File
- E. loading data that is period-to-date or year-to-date
Answer: A,B,C
NEW QUESTION 71
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Tasks, then Metadata, and then Import
- B. by selecting Application, then Overview, then Dimensions, and then Import
- C. by selecting Application, then Overview,then Dimensions, and then Export
- D. by selecting Dimension, then Import, and then Metadata
Answer: B
NEW QUESTION 72
Which four sample ratios can be created during the application creation process? (Choose four.)
- A. Earnings per Share
- B. Gross Margin
- C. Contribution Margin
- D. Inventory Ratios
- E. Days Sales in Receivables
- F. Debt Ratio
Answer: B,D,E,F
NEW QUESTION 73
Which three combinations of dimensions could be valid for a FinancialConsolidation and Close (FCCS) application?
- A. Multi-GAAP, Data Type, Intra-company
- B. Value, Entity, Account
- C. From Currency, Movement, Scenario
- D. Data source, Consolidation, View
- E. Period, Year, Entity
Answer: E
NEW QUESTION 74
Which four items are active components of the Currency dimension?
(Choose four.)
Response:
- A. Input Currencies
- B. Parent Currency
- C. Reporting Currencies
- D. Entity Currency Adjustments
- E. Entity Currency
- F. Translated Currencies
Answer: A,B,C,E
NEW QUESTION 75
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks require multiple levels of approvers
- B. when the tasks are repeatable over multiple close cycles
- C. when the tasks require consistent definition across close schedules
- D. when the tasks are often late in completion and they need to be monitored more closely
Answer: B
Explanation:
Explanation
Explanation/Reference:
A task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.D18912E1457D5D1DDCBD40AB3BF70D5D Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ cm_templates_managing.html
NEW QUESTION 76
In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
Response:
- A. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- B. The current FCCS_CTA account balance does not change from the prior period
- C. The account is FCCS_Net Income
- D. A variance in the Average rate and the Ending rate
Answer: C
NEW QUESTION 77
Which explains why the Currency dimension does NOT display in your application?
Response:
- A. Security has not been granted
- B. Entity-specific security rights were not properly granted
- C. Multi-Currency option was not selected at application creation
- D. Security access to the Multi-GAAP dimension is required
Answer: C
NEW QUESTION 78
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. A translation to the USD_Reporting currency member for Company IOU
- B. A consolidation of Company 123
- C. A consolidation of Company XYZ
- D. A translation of Company IOU
- E. A translation of Company XYZ to Parent Currency
Answer: A
NEW QUESTION 79 
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?
Response:
- A. First common parent
- B. Lowest common denominator
- C. First order relation
- D. Generation 0
Answer: A
NEW QUESTION 80
Which is true behavior of default FCCS_ members within an application?
- A. You canchange the Name of these default FCCS_ members at any time.
- B. You can change the Alias of these default FCCS_ members at any time.
- C. You can change the default FCCS_ member prefix at application creation.
- D. You cannot change the Alias of these default FCCS_ members.
Answer: A
NEW QUESTION 81
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- A. From Currency
- B. Currency
- C. Entity
- D. Account
Answer: A
NEW QUESTION 82
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 ZIP file format.
- B. Thedata export format / file extension is always extracted in a DAT file format.
- C. The data export format / file extension is always extracted in a XLS file format.
- D. The data export format / file extension is always extracted in a CSV file format.
Answer: D
Explanation:
Explanation/Reference:
D18912E1457D5D1DDCBD40AB3BF70D5D
The systemcreates an export file for each artifact (.csv).
Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/metadata_export.html
NEW QUESTION 83
What member of the Currency dimension should be used during data entry for historical override amounts?
- A. Entity Currency
- B. Parent Currency
- C. Input Currencies
- D. Reporting Currencies
Answer: D
NEW QUESTION 84
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