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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You can include the inbox and outbox contents in the clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You can include Data Management artifacts in the clone.
D) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.

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

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

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

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

4. Where can you set the default member for the Currency dimension in a Data Integration integration?

A) Options tab of the Application Details dialog box
B) Location Attributes in the Create Integration dialog box
C) Run Integration dialog box
D) Map Members tab in the Create Integration dialog box

5. Which statement correctly describes the Consolidation dimension?

A) The dimension uses a separate member for data from an entity's level-zero descendants.
B) The dimension contains members to store non-controlling interest and joint venture data.
C) The dimension allows users to view data in the parent currency.
D) The dimension allows users to see input versus journal adjustment data.

Solutions: