Jan-2022 Latest TestValid 1Z0-1081-20 Exam Dumps with PDF and Exam Engine Free Updated Today!
Following are some new 1Z0-1081-20 Real Exam Questions!
NEW QUESTION 52
By default, security access is set to "None" for which threedimensions? (Choose three.)
- A. Entity
- B. Account
- C. Movement
- D. Year
- E. Data Source
Answer: A,B,E
NEW QUESTION 53
For data load rules in Data Management, which two statements are FALSE?
- A. End users can upload a file when running a data load rule.
- B. Valid load types are Merge and Replace.
- C. A job must first run to import the data file before the user can run the data load rule.
- D. If specified, the import format will be used; if not, then the location's format will be used.
- E. Dataload rules cannot be shared across locations.
Answer: B,C
NEW QUESTION 54
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Metadata Supervisor
- B. System Administrator
- C. Power User
- D. Metadata Administrator
Answer: D
NEW QUESTION 55
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
- A. Drill-back to SDM is not an available feature.
- B. By selecting Track Multi-source Data Input option for Other Data duringthe application creation process.
- C. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
- D. Drill-back is available from any Multi-source dimensionmember by default, know the source of the origination data load.
Answer: D
NEW QUESTION 56
Whichstatement is FALSE when setting up Shared Entities?
- A. The calculation status will not change in all instances when data is changed in one instance.
- B. You build an alternate hierarchy by using partial share Entity members.
- C. When data is posted to one shared entity, the data is posted to all instances.
- D. The Data Storage Member Property must set to "Dynamic Calc".
Answer: D
NEW QUESTION 57
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Input Currency
- B. Reporting Currency
- C. EntityCurrency
- D. Parent Currency
Answer: B
NEW QUESTION 58
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- A. Header
Explanation/Reference:
Report objects include:
* Grids
* Text - B. Chart
- C. Grid
- D. Image
Answer: B,C
Explanation:
Reference:
3559E92E-0EC6-42F8-BB48-97875171067E.pdf
NEW QUESTION 59
Which two statements are true of the roll forward calculation in the Movement dimension?
- 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 Closing Balance.
- C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Answer: B,D
Explanation:
If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.
Opening balance is calculated from the prior period's Closing Balance.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html
NEW QUESTION 60
Which statement is true regarding shared members and valid intersection rules?
- A. Shared members are not supported in valid intersection rules
- B. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
- C. Shared members are supported in valid intersection rules
- D. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
Answer: C
NEW QUESTION 61
Which two are required fields when registering a source system in Data Management?
- A. Drill Through URL
- B. Name
- C. Source System Type
- D. Cloud Type
Answer: A,B
Explanation:
Reference:
registering_file-based_source_systems.html
NEW QUESTION 62
You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?
- A. Give data input users WRITE access to form dimension members
- B. Level 0 dimension members on POV, rows and columns
- C. Set the currency on the form to the reporting currency member USD_Reporting
- D. Set access rights for data input users to the form
Answer: A,B,D
NEW QUESTION 63
When can the Intercompany Dimension be enabled and n=made visible within your application?
- A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- B. during application creation and selecting Multi-source Data Input of Other Data
- C. after application creation by selectingany Entity as IC_Entity_Yes for the Intercompany Entity attribute
- D. during application creation and selecting the Intercompany Data feature option
Answer: D
NEW QUESTION 64
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- B. During application creation, select the Multicurrency option of "Yes".
- C. Enable a dimension for Currency after application creation via a Metadata load.
- D. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
Answer: C
Explanation:
Enable a dimension for Currency after application creation via a Metadata load.
NEW QUESTION 65
Which is true behavior of default FCCS_ members within an application?
- A. You can change the Name of these default FCCS_ members at any time.
- B. You cannot change the Alias of these default FCCS_ members.
- C. You can change the default FCCS_ member prefix at application creation.
- D. You can change the Alias of thesedefault FCCS_ members at any time.
Answer: A
NEW QUESTION 66
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?
- A. Control
- B. Consolidation Method
- C. Minority Interest Percentage
- D. Ownership Percentage
- E. Consolidation Percentage
Answer: A,B,E
Explanation:
Explanation/Reference:
The Consolidation Method and Control setting can be manually changed if needed.
NEW QUESTION 67
A company has two subsidiaries with 1000 EURO each in the Cash account.
Which four Consolidation Memberswill reflect 2000 EURO at the company's balance? (Choose four.)
- A. FCCS_Entity Input
- B. FCCS_Entity Total
- C. FCCS_Entity Consolidation
- D. FCCS_Elimination
- E. FCCS_Proportion
- F. FCCS_Contribution
Answer: A,B,C,F
NEW QUESTION 68
A newSheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?
- A. Change one of the Row or Column dimension members and click Refresh.
- B. Activate the Connection.
- C. Disconnect from the Smart View connection, and relog in.
- D. Close out of Excel, and relog in to Smart View.
Answer: A
NEW QUESTION 69
If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?
- A. Theassociated Intercompany member must be manually removed.
- B. The alias of the associated Intercompany member is automatically updated.
- C. The associated Intercompany member is automatically removed.
- D. The alias of the associated Intercompany member must be manually changed.
Answer: B
NEW QUESTION 70
Whendesigning a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Designing dynamic reports
- B. Expanded vs. single data segments
- C. Report performance
- D. Suppress missing blocks
Answer: D
NEW QUESTION 71
Which four items are active components of the Currency dimension? (Choose four.)
- A. Entity Currency
- B. Translated Currencies
- C. Entity Currency Adjustments
- D. Reporting Currencies
- E. Parent Currency
- F. Input Currencies
Answer: C,D,E,F
Explanation:
Explanation
You can create journals using the Entity Currency of the Currency dimension as well as Input Currencies for both Entity Input and Translated Currency Input.
NEW QUESTION 72
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
- A. Intercompany Account
- B. Plug Account
- C. Is Plug Account
- D. Intercompany Entity
Answer: C
NEW QUESTION 73
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?
- A. Journal Report
- B. Financial Report
- C. Intercompany Report
- D. Consolidation Report
Answer: D
NEW QUESTION 74
Which three scenarios result in foreign currency translation during the default consolidation process?
(Choose three.)
- A. A base entity currency has a parent entity with a different default currency.
- B. A shared entity has a parent with a different currency.
- C. A parent entity has the same default currency as its parent.
- D. A base entity currency has a parent entity with a matching default currency.
- E. A parent entity has a different currency from its parent.
Answer: A,B,E
NEW QUESTION 75
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