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  5. Oracle Financial Consolidation and Close 2020 Implementation Essentials Questions and Answers
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1z0-1081-20 Oracle Financial Consolidation and Close 2020 Implementation Essentials Questions and Answers

Questions 4

What can the Intercompany Dimension be enabled and made visible within your application?

Options:

A.

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Accountattribute

B.

during application creation and selecting the Intercompany Data feature option

C.

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

D.

during application creation and selecting the Multi-source Data Input of Other Data

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Questions 5

Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

Options:

A.

FCCS_Amount_Override

B.

FCCS_Rate Override

C.

FCCS_Contribution

D.

FCCS_Proportion

E.

FCCS_Elimination

F.

FCCS_Translation

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Questions 6

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

Options:

A.

Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

B.

Prior EndingRate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C.

FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

D.

FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

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Questions 7

For which three tasks can Data Management be used? (Choose three.)

Options:

A.

loading data that is period-to-date or year-to-date

B.

drilling through from a web form or Smart View

C.

loading data from a fixed width or delimited text file

D.

writing back data to source systems

E.

loading a Metadata Import File

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Questions 8

Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

Options:

A.

Source Type

B.

DrillURL

C.

Cloud Type

D.

Description

E.

Name

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Questions 9

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

Options:

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.

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Questions 10

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.

To define a Close Manager task template to monitor all seven days, which day range should you define?

Options:

A.

Day -3 to Day 4

B.

Day -3 to Day 3

C.

Day 1 to Day 7

D.

Day -2 to Day 4

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Questions 11

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

Options:

A.

Store

B.

Never Share

C.

No Rate

D.

Dynamic Calc and Store

E.

Dynamic

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Questions 12

Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

Options:

A.

Period, Year, Entity

B.

From Currency, Movement, Scenario

C.

Multi-GAAP, Data Type, Intra-company

D.

Value, Entity, Account

E.

Data source, Consolidation, View

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Exam Code: 1z0-1081-20
Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials
Last Update: Apr 14, 2023
Questions: 116