Pass Oracle 1Z0-1081-24 exam questions - convert Test Engine to PDF
Pass Your 1Z0-1081-24 Exam Easily - Real 1Z0-1081-24 Practice Dump Updated Dec 15, 2025
NEW QUESTION # 26
In the
Movement dimension, for which two can you modify the default translation calculation?
- A. Closing Balance
- B. Base-level members under FCCS_Mvmts Subtotal
- C. Opening Balance
- D. Opening Balance Input
Answer: B,C
Explanation:
http://www.allreadable.com/3128VWfe
NEW QUESTION # 27
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Automatically calculate adjustment
- B. Allow adjustments for IFRS
- C. Track Multi-Source Data Input
- D. Include Supplemental Data
Answer: A
NEW QUESTION # 28
Which of the following is allowed for accounts with the data storage type of Dynamic Calc?
- A. Enter data through a data form.
- B. Create member formulas.
- C. Load data to this account and create member formulas.
- D. Load data to this account.
Answer: B
NEW QUESTION # 29
Which two prebuilt calculations run on the Movement dimension to determine CTA by account?
- A. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
- B. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
- C. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
- D. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
Answer: A,B
NEW QUESTION # 30
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Input Currency
- B. Reporting Currency
- C. Entity Currency
- D. Parent Currency
Answer: B
Explanation:
Currency (Must be a Reporting Currency)
setting_up_intercompany_matching_reports.html
NEW QUESTION # 31
Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)
- A. Minority Interest Percentage
- B. Consolidation Method
- C. Consolidation Percentage
- D. Ownership Percentage
- E. Control
Answer: B,C,D
Explanation:
The three components that can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled are Consolidation Percentage, Ownership Percentage, and Consolidation Method. These components are part of the ownership details that define how an entity is consolidated with its parent entity. You can manually edit these components on the Manage Ownership page for each entity, scenario, year, and period. The other components, such as Control and Minority Interest Percentage, are not editable on the Manage Ownership page. They are either calculated automatically based on the ownership percentage or derived from the consolidation method.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 25-26; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-6.
NEW QUESTION # 32
Which four items are included in the Currency dimension? (Choose four.)
- A. Default Currency
- B. Reporting Currencies
- C. Journal Input Currencies
- D. Parent Currency
- E. Input Currencies
- F. Entity Currency
Answer: B,C,E,F
Explanation:
The four items that are included in the Currency dimension are:
Input Currencies: These are the currencies that are used to enter data into the application. They are based on the default currency of each entity.
Journal Input Currencies: These are the currencies that are used to enter journals into the application. They are based on the default currency of each entity or reporting currency.
Entity Currency: This is a dynamic member that represents the default currency of each entity. It is used to display data in the entity's currency without translation.
Reporting Currencies: These are the currencies that are used to translate data into different currencies for reporting purposes. They are defined by the administrator and can be based on any currency.
The other options are not included in the Currency dimension. Parent Currency is a member of the Consolidation dimension, not the Currency dimension. It is used to display data in the parent entity's currency after translation. Default Currency is a property of the Entity dimension, not a member of the Currency dimension. It is used to specify the input currency for each entity.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 21; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 3-2.
NEW QUESTION # 33
A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?
- A. Disconnect from the Smart View connection, and relog in.
- B. Activate the Connection.
- C. Change one of the Row or Column dimension members and click Refresh.
- D. Close out of Excel, and relog in to Smart View.
Answer: C
NEW QUESTION # 34
For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?
- A. Select the Consolidation template when setting up the Approval Unit hierarchy.
- B. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
- C. Delete the default Approval Unit hierarchy.
- D. Select users with the Service Administrator security role.
Answer: B
Explanation:
The Consolidation Bottom Up template allows owners of approval units to lock and unlock data without going through an approval process. This template is suitable for organizations that do not require a formal approval process for data submission, but still want to control data access and track data status. The Consolidation template, on the other hand, requires owners of approval units to submit data for approval before they can lock it. The Service Administrator security role does not affect the approval process, and deleting the default Approval Unit hierarchy would disable the approval functionality altogether.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 15; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 2-14.
NEW QUESTION # 35
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
- A. A consolidation of Company 123
- B. A translation of Company IOU
- C. A translation of Company XYZ to Parent Currency
- D. A translation to the USD_Reporting currency member for Company IOU
- E. A consolidation of Company XYZ
Answer: C
NEW QUESTION # 36
In Data Integration, for what purpose do you use Workbench?
- A. To configure data load options
- B. To review mapping of source to target members
- C. To define dimension mapping
- D. To edit the data load file format
Answer: B
Explanation:
The purpose of using Workbench in Data Integration is to review mapping of source to target members. Workbench allows you to view and edit how source data members are mapped to target application members. You can also validate, test, and run integrations from Workbench. The other options are not purposes of using Workbench in Data Integration. To edit the data load file format, you use File Format Editor. To define dimension mapping, you use Dimension Mapping Editor. To configure data load options, you use Application Details dialog boxOracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 41;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 9-4.
NEW QUESTION # 37
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. Map Members tab in the Create Integration dialog box
- C. Location Attributes in the Create Integration dialog box
- D. Run Integration dialog box
Answer: C
Explanation:
The default member for the Currency dimension in a Data Integration integration can be set in the Location Attributes in the Create Integration dialog box. This attribute specifies the currency that will be used for loading data if no currency mapping is defined. The other options do not allow setting the default member for the Currency dimension. The Map Members tab in the Create Integration dialog box is used to map members from source to target dimensions. The Options tab of the Application Details dialog box is used to set general options for Data Integration, such as logging level, parallel threads, etc. The Run Integration dialog box is used to execute an integration and monitor its status.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 41; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 8-4.
NEW QUESTION # 38
For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)
- A. Consolidation
- B. Data Source
- C. Scenario
- D. Entity
- E. Period
- F. Year
Answer: C,D,E,F
Explanation:
Financial Consolidation and Close maintains calculation status for four dimensions: Entity, Period, Scenario, and Year. These dimensions are used to define an approval unit, which is a unit of work that can be calculated, consolidated, translated, and approved. The calculation status indicates the progress of the approval unit through the consolidation process. The other dimensions, such as Data Source, Consolidation, and View, do not have calculation status.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 23-24; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 6-1.
NEW QUESTION # 39
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. During application creation, select the Multicurrency option of "Yes".
- B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
- C. Enable a dimension for Currency after application creation via a Metadata load.
- D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
Answer: C
Explanation:
Enable a dimension for Currency after application creation via a Metadata load.
NEW QUESTION # 40
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)
- A. FCCS_Contribution
- B. FCCS_Elimination
- C. FCCS_Rate Override
- D. FCCS_Translation
- E. FCCS_Amount_Override
- F. FCCS_Proportion
Answer: B,C
NEW QUESTION # 41
Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)
- A. FX Rates - Average
- B. FX Rates - Opening
- C. FX Rates - Ending
- D. FX Rates - None
- E. FX Rates - Historical
Answer: A,C
Explanation:
When configuring default translation methods for Flow and Balance accounts, two rate account options are available: FX Rates - Average and FX Rates - Ending. These rate account options determine which exchange rate is used to translate data from local currency to reporting currency. FX Rates - Average uses the average exchange rate for the period, which is suitable for flow accounts that capture movements within the period. FX Rates - Ending uses the ending exchange rate for the period, which is suitable for balance accounts that represent a point in time. The other rate account options, such as FX Rates - Historical, FX Rates - Opening, and FX Rates - None, are not available when configuring default translation methods for Flow and Balance accounts.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 48; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-2.
NEW QUESTION # 42
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
- A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- B. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- C. Translated values for Closing Balance are adjusted to the ending rate for the period.
- D. Values for Opening Balance are retrieved from the prior period's Closing Balance.
Answer: C,D
Explanation:
The two statements that are true about the roll forward calculation in the Movement dimension are:
Translated values for Closing Balance are adjusted to the ending rate for the period. This means that the closing balance values are translated to the parent entity's currency using the exchange rate at the end of the period.
Values for Opening Balance are retrieved from the prior period's Closing Balance. This means that the opening balance values are derived from the closing balance values of the previous period.
The other statements are false about the roll forward calculation in the Movement dimension. Data for opening balances does not need to be loaded to the Opening Balance member prior to consolidation; it is automatically calculated from the prior period's closing balance. Values for base-level Movement members are not calculated as the difference between Closing Balance and Opening Balance; they are calculated as the difference between Closing Balance and Total Input And Adjusted.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 39;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-12.
NEW QUESTION # 43
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
- A. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
- B. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
- C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
- D. the third Friday of each month to apply to both TEST and PROD simultaneously
Answer: B
NEW QUESTION # 44
Which statement is FALSE about when Intercompany Data is enabled?
- A. Intercompany accounts are assigned plug accounts.
- B. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- C. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
- D. Tracking intercompany eliminations is optional.
Answer: B
Explanation:
The statement that is false about when Intercompany Data is enabled is: In order for intercompany data to be eliminated, intercompany entities must be children of the same parent. This statement is not true because intercompany data can be eliminated even if intercompany entities are not children of the same parent, as long as they share a common ancestor entity in the Entity dimension hierarchy. For example, if Entity A and Entity B are siblings under Entity C, and Entity A has an intercompany transaction with Entity B, the intercompany data will be eliminated at Entity C level. The other statements are true about when Intercompany Data is enabled. Tracking intercompany eliminations is optional, intercompany accounts are assigned plug accounts, and the Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 18-19; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-11.
NEW QUESTION # 45
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
- A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
- B. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
- C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
- D. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
Answer: A
NEW QUESTION # 46
What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?
- A. FCCS Totallnput And Adisuted
- B. FCCS Contribution
- C. FCCS Entity Consolidation
- D. FCCS Entity Total
Answer: C
Explanation:
The member of the Consolidation dimension that represents the aggregated value before proportionalization and elimination is FCCS Entity Consolidation. This is the member that shows the data for each entity after currency translation but before applying ownership percentage, intercompany eliminations, or adjustments. It is also the member where input data for parent entities is stored. The other options are not members of the Consolidation dimension that represent the aggregated value before proportionalization and elimination. FCCS Entity Total is a member of the Account dimension, not the Consolidation dimension. It is used to aggregate data from all accounts in the application. FCCS Total Input And Adjusted is also a member of the Account dimension, not the Consolidation dimension. It is used to aggregate data from input accounts and adjustment accounts. FCCS Contribution is a member of the Consolidation dimension, but it represents the data for each entity after applying ownership percentage, not before.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-8.
NEW QUESTION # 47
What action requires refreshing the database?
- A. You change the ownership percentage for an entity.
- B. You deploy a new Configurable Calculation rule in Calculation Manager.
- C. You edit the alias for a member in the Entity dimension.
- D. You edit the Consolidation Operator for a member in the Account dimension.
Answer: C
Explanation:
The action that requires refreshing the database is editing the alias for a member in the Entity dimension. Refreshing the database is a process that synchronizes the changes made to metadata with the data stored in the database. You need to refresh the database after making changes to metadata that affect data aggregation or calculation, such as editing member names, formulas, consolidation operators, etc. Editing the alias for a member in the Entity dimension is one of such changes, because it affects how data is displayed in reports and forms. The other actions do not require refreshing the database. Deploying a new Configurable Calculation rule in Calculation Manager, changing the ownership percentage for an entity, and editing the Consolidation Operator for a member in the Account dimension do not affect data aggregation or calculation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 21; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-4.
NEW QUESTION # 48
For which
scenario would an On-Demand rule be an appropriate solution?
- A. to add a column with a calculation to a report
- B. to perform a custom currency translation for a subset of accounts
- C. to allocate data to base entities prior to consolidation
- D. to copy data from one scenario to a different scenario
Answer: D
Explanation:
Copy data from one scenario to another one.
NEW QUESTION # 49
......
1Z0-1081-24 Real Exam Questions and Answers FREE: https://www.testinsides.top/1Z0-1081-24-dumps-review.html
2025 Realistic Verified Free Oracle 1Z0-1081-24 Exam Questions: https://drive.google.com/open?id=1Vcd35x_7ZZoff1EtFf6dEmMDOo8RFx_o