[2022] 1Z0-1081-21 Exam Dumps, Test Engine Practice Test Questions
Pass 1Z0-1081-21 exam [May 24, 2022] Updated 119 Questions
Oracle 1Z0-1081-21 Exam Syllabus Topics:
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NEW QUESTION 29
Which four items are active components of the Currency dimension?
(Choose four.)
Response:
- A. Reporting Currencies
- B. Translated Currencies
- C. Parent Currency
- D. Entity Currency Adjustments
- E. Input Currencies
- F. Entity Currency
Answer: A,C,E,F
NEW QUESTION 30
Which statement correctly describes when a consolidation can occur within a given year/scenario?
Response:
- A. The current period consolidation status is Impacted and the remaining periods are OK.
- B. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
- C. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- D. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- E. A user has a power user access but only write access to the entity.
Answer: A
NEW QUESTION 31
You are required to create a form that allows users to input data. Which three actions are consistent with this?
- A. Set the consolidation member on the form to FCCS_Entity Input.
- B. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
- C. Grant the data input users WRITE access to the dimension members used on the form.
- D. Set the currency on the form to Parent Currency.
- E. Select level 0 dimension members for the POV, rows, and columns.
Answer: A,C,E
Explanation:
Explanation/Reference:
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/ form_design_considerations.html
https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html
NEW QUESTION 32
Which three are seeded data forms created during business process creation?
- A. Headcount
- B. Exchange Rate Multi-period
- C. Override Rates
- D. Data Status
- E. Shares Outstanding
Answer: B,C,D
NEW QUESTION 33
A company wouldlike to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
- A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
- B. Create a Roll Forward in the account dimension.
- C. Add custom Movement members to the FCCS_CashFlow hierarchy.
- D. Load detailed Fixed Asset data to Movement members.
- E. Add custom members for Additions and Disposals as dependents of
FCCS_Mvmts_CapitalExpenditures.
Answer: A,D,E
NEW QUESTION 34
Which is true behavior of default FCCS_ members within an application?
- A. You canchange the Name of these default FCCS_ members at any time.
- B. You can change the Alias of these default FCCS_ members at any time.
- C. You can change the default FCCS_ member prefix at application creation.
- D. You cannot change the Alias of these default FCCS_ members.
Answer: A
NEW QUESTION 35
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
Response:
- A. Member Formulas cannot be created
- B. load data to this account and make member formulas
- C. load data to this account
- D. create Member Formulas
Answer: C,D
NEW QUESTION 36
You are required to create a form to allow users to input data. Which three actions or form components selectedshould accomplish this?
- A. Set the currency on the form to the reporting currency member USD_Reporting
- B. Level 0 dimension members on POV, rows and columns
- C. Set access rights for data input users to the form
- D. Give data input users WRITE access to form dimension members
Answer: B,C,D
NEW QUESTION 37
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Suppress missing blocks
- B. Expanded vs. single data segments
- C. Designing dynamic reports
- D. Report performance
Answer: A
NEW QUESTION 38
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
Response:
- 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
Answer: C
NEW QUESTION 39
Which three fields must be defined when registering a file-based source system in Data Management?
(Choose three.)
Response:
- A. Drill URL
- B. Source Type
- C. Description
- D. Cloud Type
- E. Name
Answer: B,C,E
NEW QUESTION 40
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
- A. ERP Cloud
- B. Supplemental Data
- C. ERP r12
- D. Data Management
Answer: B,D
NEW QUESTION 41
When enabling Multi-GAAP during application creation, which additional option is available?
Response:
- A. Track Multi-Source Data Input
- B. Automatically calculate adjustment
- C. Include Supplemental Data
- D. Allow adjustments for IFRS
Answer: B
NEW QUESTION 42
Which three scenarios result in foreign currencytranslation during the default consolidation process? (Choose three.)
- A. A shared entity has a parent with a different currency.
- B. A base entity currency has a parent entity with a matching default currency.
- C. A parent entity hasthe same default currency as its parent.
- D. A base entity currency has a parent entity with a different default currency.
- E. A parent entity has a different currency from its parent.
Answer: A,D,E
NEW QUESTION 43
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run toaccomplish this?
- A. Journal Report
- B. Consolidation Report
- C. Financial Report
- D. Intercompany Report
Answer: B
Explanation:
Explanation
Explanation/Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/consolidation_report.html
NEW QUESTION 44
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- A. enables the Elimination member in the Consolidation dimension
- B. enables the application to include Intercompany data.
- C. enables the application to perform Intercompany eliminations
- D. process will separate total elimination values by Data Source.
Answer: D
NEW QUESTION 45
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)
- A. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
- B. The Cash Change hierarchy cannot be modified.
- C. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
- D. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in theFCCS_CashFlow hierarchy.
- E. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
- F. Siblings can be added to the FCCS_CashFlow_Investing member.
Answer: A,C,E,F
NEW QUESTION 46
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