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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. What action requires refreshing the database?

A) You deploy a new Configurable Calculation rule in Calculation Manager.
B) You edit the Consolidation Operator for a member in the Account dimension.
C) You edit the alias for a member in the Entity dimension.
D) You change the ownership percentage for an entity.

2. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) You cannot add member formulas to members of the Movement dimension.
B) Account is a Sparse dimension.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) The View dimension stores only periodic data.

3. Which statement is true of reporting currencies?

A) All reporting currency members have the suffix Reporting.
B) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
C) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
D) All input currencies that you add are automatically added as reporting currencies as well.

4. Which four items are included in the Currency dimension? (Choose four.)

A) Parent Currency
B) Reporting Currencies
C) Default Currency
D) Input Currencies
E) Entity Currency
F) Journal Input Currencies

5. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Ownership Percentage
B) Control
C) Minority Interest Percentage
D) Consolidation Method
E) Consolidation Percentage

Solutions: