1Z0-1081-22 Online Practice Questions and Answers

Which is true behavior of default FCCS_ members within an application?

A. You can change the default FCCS_ member prefix at application creation.

B. You can change the Alias of these default FCCS_ members at any time.

C. You can change the Name of these default FCCS_ members at any time.

D. You cannot change the Alias of these default FCCS_ members.

PQR Company has the ownership structure shown above. If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

A. First common parent

B. Generation 0

C. First order relation

D. Lowest common denominator

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.)

A. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint

B. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls

C. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness

D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

E. provide the ability to collaborate during close and analyse transaction detail in real time

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A. The Intercompany Alias is set to the Entity Name.

B. The Intercompany Alias is automatically changed to the new Entity Alias.

C. The Intercompany Alias is not automatically changed to the new Entity Alias.

D. The Intercompany Alias is automatically set to the Intercompany Name.

Which statement accurately describes alternate hierarchies?

A. Single entities having multiple parents

B. Parent members having the same currency

C. Contribution to parent members are similar

D. Data must be entered multiple times for shared members

For which three dimensions is security enabled by default?

A. Data Source

B. Entity

C. Consolidation

D. Scenario

E. Account

Which two are required fields when registering a source system in Data Management?

A. Source System Type

B. Cloud Type

C. Drill Through URL

D. Name

Which statement is true of the default FCCS_ members within an application?

A. You can change the default FCCS_ member prefix at application creation.

B. You can change the Alias.

C. You can change the Data Storage property.

D. You can change the Name.

What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A. Base Currency

B. Parent Currency

C. Local Currency

D. Entity Currency

Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

A. pre-built integrations to combine narrative and data to produce both internal and external reporting packages

B. calculations, dashboards and reports to provide analysis for cash flow modeling

C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

D. calculations, dashboards and reports built on planning frameworks to provide cash flow planning