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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements about the Copy Data function are true? (Choose two.)

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

2. Which statement is FALSE about running consolidations?

A) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
B) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
C) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
D) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.

3. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Consolidation Percentage
B) Control
C) Consolidation Method
D) Ownership Percentage
E) Minority Interest Percentage

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

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

5. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports to provide analysis for cash flow modeling
B) Pre-built integrations to combine narrative and data to produce 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 built on planning frameworks to provide cash flow planning

Solutions: