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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A. when the tasks require consistent definition across close schedules
B. when the tasks are repeatable over multiple close cycles
C. when the tasks require multiple levels of approvers
D. when the tasks are often late in completion and they need to be monitored more closely

Question 2

Financial Consolidation
and Close maintains calculation status for which four dimensions?

A. Entity
B. Data Source
C. Consolidation
D. Scenario
E. Year
F. Period

Question 3

Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A. Selecting a shared member for a rule does not include its primary instance.
B. If a shared member is selected for a rule, the primary instance of the member is selected as well.
C. Selecting the primary instance of a member does not include shared members.
D. If the primary instance of the member is selected for a rule, all shared members for the instances are included.

Question 4

Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A. A parent entity has the same default currency as its parent.
B. A base entity currency has a parent entity with a matching default currency.
C. A parent entity has a different currency from its parent.
D. A shared entity has a parent with a different currency.
E. A base entity currency has a parent entity with a different default currency.

Question 5

When defining a batch in Data Management, which statement is True?

A. Each data load rule must specify the period or the batch will default to the POV period.
B. Batches can import from source or export to target, but not both.
C. A batch replaces the need for data load rules.
D. A batch can load to multiple plan types.
E. Batches can execute data loads for multiple locations.

Solutions: