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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Where do you set the Intercompany Entities Aggregation option?

A) In the member properties of the Intercompany Top member
B) In the Setup Wizard during business process creation
C) In the member properties of the Intercompany Entities member
D) On the Properties page of the Intercompany dimension

2. What action requires refreshing the database?

A) You edit the alias for a member in the Entity dimension.
B) You edit the Consolidation Operator for a member in the Account dimension.
C) You change the ownership percentage for an entity.
D) You deploy a new Configurable Calculation rule in Calculation Manager.

3. Which statement is FALSE about when Intercompany Data is enabled?

A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) Intercompany accounts are assigned plug accounts.
C) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
D) Tracking intercompany eliminations is optional.

4. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A) Data tile name
B) Scenario
C) Target application
D) Member mappings

5. What is the result of enabling the Calculate Movements system rule?

A) Level 0 movement members become read only in web forms, and must be populated through data load.
B) Closing Balance is aggregated from Opening Balance and the current period's movement value.
C) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
D) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.

Solutions: