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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A) FCCS_Data Input
B) FCCS_SystemTypes
C) FCCS_No Data Source
D) FCCS_Proportion

2. In the
Movement dimension, for which two can you modify the default translation calculation?

A) Closing Balance
B) Opening Balance Input
C) Base-level members under FCCS_Mvmts Subtotal
D) Opening Balance

3. What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

A) enables the application to perform Intercompany eliminations
B) enables the application to include Intercompany data.
C) process will separate total elimination values by Data Source.
D) enables the Elimination member in the Consolidation dimension

4. Which statement correctly describes what happens to parent entities during consolidation?

A) 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.
B) Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
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) The changes in the relational database are synced to the underlying Essbase cube.

5. Which statement correctly describes the Consolidation dimension?

A) The dimension aggregates input, consolidated, and elimination data together.
B) The dimension uses a separate member to store data from an entity's descendants.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension contains members to store non-controlling interest and joint venture data.

Solutions: