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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) View
B) Period and Year
C) Period
D) Period, Year, and View

2. Which two statements are true about the Multi-GAAP feature? (Choose two.)

A) Select this option if you need to report your financial statements only in IFRS.
B) You must specify a prefix for entities that use the alternate gap standard.
C) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
D) Enabling Multi-GAAP reduces the number of custom dimensions you can have.

3. What is
the function of Source Mapping in Data Management?

A) Define the close calendar periods.
B) Map local dimension members to the application dimension members.
C) Defined the input currency for each data source supplying data to the application.
D) Manage source periods in relation to global periods.

4. Which statement is FALSE when setting up Shared Entities?

A) The Data Storage Member Property must set to "Dynamic Calc".
B) The calculation status will not change in all instances when data is changed in one instance.
C) When data is posted to one shared entity, the data is posted to all instances.
D) You build an alternate hierarchy by using partial share Entity members.

5. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Parent account calculations depend on the sequencing.
B) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
C) Each period in the year must consolidate separately.
D) There is no reason to consolidate years sequentially.

Solutions: