Oracle Financial Consolidation and Close 2022 Implementation Professional - 1z0-1081-22 Exam Practice Test
When enabling Multi-GAAP during application creation, which additional option is available?
Correct Answer: C
Vote an answer
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
Correct Answer: B
Vote an answer
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
Which process produces USD balances for Company IOU?
Correct Answer: E
Vote an answer
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?
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?
Correct Answer: A
Vote an answer
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
What can the Intercompany Dimension be enabled and made visible within your application?
Correct Answer: B
Vote an answer
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
Correct Answer: A,E
Vote an answer
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
Correct Answer: C,E
Vote an answer
What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?
Correct Answer: B
Vote an answer
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Which statement
is false regarding establishing security for Financial Consolidation and Close?
is false regarding establishing security for Financial Consolidation and Close?
Correct Answer: B
Vote an answer
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).