1Z0-1081-20 by Oracle Actual Free Exam Questions And Answers

Question 1

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 DAT file format.

B. The data export format / file extension is always extracted in a ZIP 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.

Discussion 0

Correct Answer: D Vote an answer

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Question 2

Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data.

B. The dimension aggregates input, consolidated, and elimination data together.

C. The dimension allows users to see input versus journal adjustment data.

D. The dimension uses a separate member to store data from an entity's descendants.

Discussion 0

Correct Answer: C Vote an answer

Question 3

How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.

B. By selecting Track Multi-source Data Input option for Other Data during the application creation process.

C. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

D. Drill-back to SDM is not an available feature.

Discussion 0

Correct Answer: C Vote an answer

Question 4

Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A. Retrieve data

B. Adjust data with Journals

C. Submit data

D. Run a rule such as Consolidate or Translate

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 5

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. the Point of View

B. rows

C. columns

D. the Page Axis

Discussion 0

Correct Answer: A Vote an answer

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Question 6

An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

A. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.

B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.

C. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.

D. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.

Discussion 0

Correct Answer: A,B Vote an answer

Question 7

For which three tasks can Data Management be used? (Choose three.)

A. drilling through from a web form or Smart View

B. writing back data to source systems

C. loading a Metadata Import File

D. loading data that is period-to-date or year-to-date

E. loading data from a fixed width or delimited text file

Discussion 0

Correct Answer: A,B,E Vote an answer

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Question 8

Financial Consolidation and Close maintains calculation status for which four dimensions?

A. Consolidation

B. Entity

C. Year

D. Data Source

E. Scenario

F. Period

Discussion 0

Correct Answer: A,B,E,F Vote an answer

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Question 9

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A. An intercompany elimination was performed.

B. A rate was entered into the FCCS_Rate Override account.

C. An ownership percentage for the entity other than 100 was entered.

D. The parent entity has a different currency than the child.

Discussion 0

Correct Answer: A Vote an answer

Oracle Financial Consolidation and Close 2020 Implementation Essentials - 1Z0-1081-20 Exam Practice Test

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