Oracle Financial Consolidation and Close 2024 Implementation Professional - 1Z0-1081-24 Exam Practice Test

A. Account

B. Entity

C. From Currency

D. Currency

A. to allocate data to base entities prior to consolidation

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 add a column with a calculation to a report

A. FCCS_Elimination

B. FCCS_Proportion

C. FCCS_Rate Override

D. FCCS_Translation

E. FCCS_Contribution

F. FCCS_Amount_Override

A. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

B. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.

C. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

D. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

A. Retrieve data

B. Adjust data with Journals

C. Submit data

D. Run a rule such as Consolidate or Translate

A. February should be consolidated, after which the cash at AceCo is now 65.

B. January and February should be consolidated.

C. There is no way to do a prior period entry like this.

D. January should be consolidated for the change and nothing needs to happen for February.

A. Execute Integration dialog box

B. Options tab of the Application Details dialog box

C. Location Attributes section of the Create Integration dialog box

D. Workbench

A. Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities

B. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.

C. The changes in the relational database are synced to the underlying Essbase cube.

D. For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.

A. You can select which entities to include in the rule scope.

B. Opening Balance Override rules execute for the first period in the year only.

C. You can select which accounts to include in the rule scope.

D. They are available only if Intercompany Data with Tracking is enabled for the business process.

A. The ICP dimension is omitted.

B. Data can be stored by intercompany partner but no eliminations will occur.

C. An extra custom dimension is available.

D. The FCCS_No Intercompany member of the ICP dimension is used for all data.

A. From the Home page, select Tools, and then Migration.

B. Open the form, select Actions, and then Export.

C. From the Home page, select Tools, and then Clone Snapshot.

D. From the Navigator menu, select Forms.

A. The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.

B. Level 0 movement members become read only in web forms, and must be populated through data load.

C. Closing Balance is aggregated from Opening Balance and the current period's movement value.

D. To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.

A. enables the Elimination member in the Consolidation dimension

B. enables the application to include Intercompany data.

C. enables the application to perform Intercompany eliminations

D. process will separate total elimination values by Data Source.