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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement about Opening Balance Override rules is true?

A) You can select which entities to include in the rule scope.
B) Opening Balance Override rules execute for the first period in the year only.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) You can select which accounts to include in the rule scope.

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

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

3. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
B) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
C) Seeded rule sets are provided for Equity Pickup.
D) Equity Pickup rules run as part of the consolidation process

4. What action requires refreshing the database?

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

5. Which statement is true of journals created from Recurring templates?

A) The line items in journals created from Recurring templates are read only.
B) The initial status of journals created from Recurring templates is Approved.
C) Journals for recurring templates are created automatically when you open a period for journals.
D) The initial status of journals created from Recurring templates is Posted.

Solutions: