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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement correctly describes what happens to parent entities during consolidation?

A) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
B) The changes in the relational database are synced to the underlying Essbase cube.
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities

2. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

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

3. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports to provide analysis for cash flow modeling
B) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
C) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
D) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages

4. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
B) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
C) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

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

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

Solutions: