Oracle 1Z0-1081-20 Practice Verified Answers - Pass Your Exams For Sure! [2021]
Valid Way To Pass Oracle Financial Consolidation and Close Cloud Service's 1Z0-1081-20 Exam
NEW QUESTION 34
Which statement correctly describes the Consolidation dimension?
- A. The dimension contains members to store non-controlling interest and joint venture data.
- B. The dimension uses a separate member for data from an entity's level zero descendants.
- C. The dimension allows users to view data in the parent currency.
- D. The dimension allows users to see input versus journal adjustment data.
Answer: C
NEW QUESTION 35
In the Movement dimension, for which two can you modify the default translation calculation?
- A. Opening Balance Input
- B. Closing Balance
- C. Opening Balance
- D. Base-level members under FCCS_Mvmts Subtotal
Answer: C,D
Explanation:
Reference:
http://www.allreadable.com/3128VWfe
NEW QUESTION 36
For your business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?
- A. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.
- B. Create an on-demand rule in Calculation Manager that you run after consolidation.
- C. Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.
- D. Edit the numbers using a web form or Smart View after consolidating.
Answer: C
Explanation:
From the Consolidation Process page, select the Consolidated tab, and then selectConfigurable Consolidation.
Click the Create Rule Set.
Reference:
consolidation_creating_rule_sets.html
NEW QUESTION 37
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
- A. calculations, dashboards and reports built on planning frameworks to provide cash flow planning
- B. pre-built integrations to combine narrative and data toproduce both internal and external reporting packages
- C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow
- D. calculations, dashboards and reports to provide analysis for cash flow modeling
Answer: D
NEW QUESTION 38
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
- A. Entity Currency
- B. Local Currency
- C. Base Currency
- D. Parent Currency
Answer: A
Explanation:
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.
NEW QUESTION 39
What are two important first steps in initially setting up Close Manager? (Choose two.)
- A. Set up Users.
- B. Define system settings such as Organization units, Holiday rules and Task attachment size.
- C. Assign tasks to users.
- D. Create a schedule and set it to Open status.
Answer: A,B
NEW QUESTION 40
For data load rules in Data Management, which two statements are FALSE?
- A. Dataload rules cannot be shared across locations.
- B. Valid load types are Merge and Replace.
- C. End users can upload a file when running a data load rule.
- D. A job must first run to import the data file before the user can run the data load rule.
- E. If specified, the import format will be used; if not, then the location's format will be used.
Answer: B,D
NEW QUESTION 41
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. a column
- B. the Point of View
- C. Other Options section
- D. the Page Axis
Answer: B
NEW QUESTION 42
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
- A. Is Plug Account
- B. Intercompany Account
- C. Plug Account
- D. Intercompany Entity
Answer: A
NEW QUESTION 43
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. 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.
Answer: B,C
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 44
What information is included in the data extract export file delimited format?
- A. the application name
- B. the ID of the user performing the extract
- C. the domain and application name
- D. the data load cube name
Answer: B
NEW QUESTION 45
You need to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?
- A. rows
- B. the Point of View
- C. the Page Axis
- D. columns
Answer: B
Explanation:
The point of view is displayed on the top of the form. Elements that can be changed are displayed as links in the point of view. For example, if the Entity dimension is displayed as a link, you can change the entity but not the other dimensions in the point of view.
NEW QUESTION 46
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. Close out of Excel, and relog in to Smart View.
- B. Change one of the Row or Column dimension members and click Refresh.
- C. Disconnect from the Smart View connection, and relog in.
- D. Activate the Connection.
Answer: B
NEW QUESTION 47 
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?
- A. First order relation
- B. Generation 0
- C. First common parent
- D. Lowest common denominator
Answer: C
NEW QUESTION 48
For which scenario would an On-Demand rule be an appropriate solution?
- A. to add a column with a calculation to a report
- B. to copy data from one scenario to a different scenario
- C. to perform a custom currency translation for a subset of accounts
- D. to allocate data to base entities prior to consolidation
Answer: B
Explanation:
Copy data from one scenario to another one.
NEW QUESTION 49
Which four sample ratios can be selected during business process creation?
- A. Inventory Ratios
- B. Debt Ratio
- C. Contribution Margin
- D. Days Sales in Receivables
- E. Gross Margin
- F. Earnings per Share
Answer: C,D,E,F
NEW QUESTION 50
Which two are required fields when registering a source system in Data Management?
- A. Drill Through URL
- B. Name
- C. Cloud Type
- D. Source System Type
Answer: A,B
Explanation:
Reference:
registering_file-based_source_systems.html
NEW QUESTION 51
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
- A. FCCS_Entity Consolidation
- B. FCCS_Parent Currency
- C. FCCS_Entity Total
- D. FCCS_Contribution
Answer: D
NEW QUESTION 52
Which three scenarios result in foreign currency translation during the default consolidation process?
- A. A parent entity has the same default currency as its parent.
- B. A base entity has a different default currency than its parent.
- C. A base entity has the same default currency as its parent.
- D. A shared entity has a different default currency than its parent
- E. A parent entity has a different default currency than its parent.
Answer: B,D,E
NEW QUESTION 53
Which two statements are true about Cash Flow in the Movement dimension?
- A. You can add shared members to the FCCS_CashChange hierarchy.
- B. When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member to the FCCS_CashFlow hierarchy.
- C. The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the FCCS_CashFlow hierarchy.
- D. The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow hierarcy.
Answer: B,D
NEW QUESTION 54
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