[Dec-2021] Updated Oracle 1Z0-1081-20 Dumps – PDF & Online Engine
1Z0-1081-20.pdf - Questions Answers PDF Sample Questions Reliable
Oracle 1Z0-1081-20 Exam Syllabus Topics:
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NEW QUESTION 60
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Metadata Administrator
- B. Power User
- C. System Administrator
- D. Metadata Supervisor
Answer: A
NEW QUESTION 61
Which three scenarios result in foreign currency translation during the default consolidation process?
(Choose three.)
- A. A parent entity has the same default currency as its parent.
- B. A base entity currency has a parent entity with a different default currency.
- C. A shared entity has a parent with a different currency.
- D. A parent entity has a different currency from its parent.
- E. A base entity currency has a parent entity with a matching default currency.
Answer: B,C,D
NEW QUESTION 62
To show theIntercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Intercompany Plug Accounts
- B. Intercompany Accounts
- C. Intercompany Partners
- D. Elimination Consolidation Dimension member
Answer: C
NEW QUESTION 63
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balancewith another division that is not a descendant of AceCo.
- C. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- D. P has adifferent currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Answer: A
NEW QUESTION 64
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. Translated values for Closing Balance are adjusted to the ending rate for the period.
- 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 Closing Balance.
Answer: B,D
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 65
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
- A. Never Share
- B. Store
- C. No Rate
- D. Dynamic
- E. Dynamic Calc and Store
Answer: B
NEW QUESTION 66
Which statement correctly describes what happens to parent entities during consolidation?
- A. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
- B. The changes in the relational database are synced to the underlying Essbase cube.
- C. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
- D. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
Answer: D
NEW QUESTION 67
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. During application creation, select the Multicurrency option of "Yes".
- B. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- C. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
- D. Enable a dimension for Currency after application creation via a Metadata load.
Answer: D
Explanation:
Enable a dimension for Currency after application creation via a Metadata load.
NEW QUESTION 68
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- A. Entity
- B. FromCurrency
- C. Account
- D. Currency
Answer: B
NEW QUESTION 69
What member of the Currency dimension should be used during data entry for historical override amounts?
- A. Entity Currency
- B. Reporting Currencies
- C. Input Currencies
- D. ParentCurrency
Answer: B
NEW QUESTION 70
Which three scenarios result in foreign currency translation during the default consolidation process?
- A. A shared entity has a different default currency than its parent
- B. A parent entity has a different default currency than its parent.
- C. A parent entity has the same default currency as its parent.
- D. A base entity has the same default currency as its parent.
- E. A base entity has a different default currency than its parent.
Answer: A,B,E
NEW QUESTION 71
In the Movement dimension, for which two can you modify the default translation calculation?
- A. Opening Balance Input
- B. Opening Balance
- C. Closing Balance
- D. Base-level members under FCCS_Mvmts Subtotal
Answer: B,D
Explanation:
Reference:
http://www.allreadable.com/3128VWfe
NEW QUESTION 72
When designing a report in Financial Reporting Studio, which item is NOT aninsert-able report object?
- A. Chart
- B. Header
- C. Grid
- D. Image
Answer: B
NEW QUESTION 73
Which statement is false regarding establishing security for Financial Consolidation and Close?
- A. Security is mandatory for one dimension.
- B. Security can be assigned at a prevent level.
- C. Security can be disabled for any dimension.
- D. The Identity Domain Administrator inherits full access privileges.
- E. All members are accessible for dimensions with no security applied.
Answer: E
Explanation:
The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
Reference:
admin_security_predefined_roles_112x5e7954a4.html
NEW QUESTION 74
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?
- A. Subtract amounts aggregated to the parent.
- B. You cannot load data to this account.
- C. Add amounts aggregated to the parent.
- D. This setting does not affect aggregation to the parent.
Answer: C
Explanation:
Reference:
aggregation_consolidation_operator.html
NEW QUESTION 75
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 CSV file format.
- C. The data export format / file extension is always extracted in a ZIP file format.
- D. The data export format / file extension is always extracted in a XLS file format.
Answer: B
Explanation:
The system creates an export file for each artifact (.csv).
NEW QUESTION 76
Which four sample ratios can be selected during business process creation?
- A. Days Sales in Receivables
- B. Gross Margin
- C. Debt Ratio
- D. Inventory Ratios
- E. Contribution Margin
- F. Earnings per Share
Answer: A,B,E,F
NEW QUESTION 77
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
- A. Set the currency on the form to Parent Currency.
- B. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
- C. Set the consolidation member on the form to FCCS_Entity Input.
- D. Grant the data input users WRITE access to the dimension members used on the form.
- E. Select level 0 dimension members for the POV, rows, and columns.
Answer: C,D,E
Explanation:
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference:
form_design_considerations.html
https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html
NEW QUESTION 78
Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
- A. FCCS_CashFlow_Operating movement member
- B. FCCS_Total Balance Sheet - Cash and NonCash account member
- C. FCCS_CashFlow_Accounts Payable account member
- D. FCCS_CashChange movement member
- E. FCCS_Accounts Payable account member
Answer: B,C
NEW QUESTION 79
Which statement is FALSE when setting up Shared Entities?
- A. You build an alternate hierarchy by using partial share Entity members.
- B. The Data Storage Member Property must set to "Dynamic Calc".
- C. The calculation status will not change in all instances when data is changed in one instance.
- D. When data is posted to one shared entity, the data is posted to all instances.
Answer: C
NEW QUESTION 80
Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?
- A. Select Dimensions, then Actions, and then Import Data
- B. Select Import, then Actions, and then Data
- C. Select Application, thenOverview, then Actions, and then Import Data
- D. Select Application, then Overview, then Data, and then Export
Answer: C
NEW QUESTION 81
When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
- A. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
- B. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
- C. The script will not work since the UD5 member referenced does not start with FCCS_
- D. The script will not work since Data Management does not support scripting.
- E. The script will work if the script is referenced in the In mapping type with #SQL as the target.
Answer: E
NEW QUESTION 82
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