1Z0-1081-20 Exam Dumps - Try Best 1Z0-1081-20 Exam Questions from Training Expert DumpsTorrent
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NEW QUESTION 13
Whendesigning a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Designing dynamic reports
- B. Suppress missing blocks
- C. Report performance
- D. Expanded vs. single data segments
Answer: B
NEW QUESTION 14
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Reporting Currency
- B. Input Currency
- C. Parent Currency
- D. EntityCurrency
Answer: A
NEW QUESTION 15
Financial Consolidation and Close maintains calculation status for which four dimensions?
- A. Scenario
- B. Year
- C. Period
- D. Consolidation
- E. Entity
- F. Data Source
Answer: A,C,D,E
Explanation:
Explanation
Explanation/Reference:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.
NEW QUESTION 16
The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?
- A. Day -2 to Day 4
- B. Day 1 to Day 7
- C. Day -3 to Day 3
- D. Day -3 to Day 4
Answer: B
NEW QUESTION 17
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 are repeatable over multiple close cycles
- B. when the tasks require multiple levels of approvers
- C. when the tasks are often late in completion and they need to be monitored more closely
- D. when the tasks require consistent definition across close schedules
Answer: C
NEW QUESTION 18
When designing a report in Financial Reporting Studio, which item is NOT aninsert-able report object?
- A. Image
- B. Header
- C. Chart
- D. Grid
Answer: B
NEW QUESTION 19
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
- A. FCCS_Intercompany Eliminations
- B. FCCS_PCON
- C. FCCS_No Data Source
- D. FCCS_Journal Input
Answer: A,D
Explanation:
Optional - Only if selected during application creation.
Reference: https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII-20191116111928.pdf
NEW QUESTION 20
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Elimination Consolidation Dimension member
- B. Intercompany Plug Accounts
- C. Intercompany Accounts
- D. Intercompany Partners
Answer: D
Explanation:
Explanation: Intercompany Partner (ICP) Matching reports list the intercompany transactions that are eliminated during consolidation. Intercompany transactions are managed across the Intercompany Partner dimension. Reference: https://docs.oracle.com/cd/E57185_01/HFMAG/ch09s02.html
NEW QUESTION 21
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
- A. Is Plug Account
- B. Intercompany Entity
- C. Plug Account
- D. Intercompany Account
Answer: A
NEW QUESTION 22
For which three levels can Profiles be set in Data Management?
- A. System
- B. User
- C. Source System
- D. Category
- E. Application
Answer: A,B,E
NEW QUESTION 23
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation ofequity accounts? (Choose two.)
- A. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
- B. Data entry to the Common Stock account withthe Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- C. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
- D. A journal entry to reverse the adjusted Common Stock balance withthe Data Source member FCCS_Journal Input.
Answer: B,D
NEW QUESTION 24
Which statement is correct regardingintercompany eliminations?
- A. Intercompany eliminations are generally required to remove the effect of transactions within the company.
- B. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
- C. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- D. Intercompany eliminations are needed when a company divests itself of a division.
Answer: A
NEW QUESTION 25
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. Dynamic Calc and Store
- C. No Rate
- D. Dynamic
- E. Never Share
Answer: A
NEW QUESTION 26
Which statement is false regarding establishing security for Financial Consolidation and Close?
- A. Security can be assigned at a prevent level.
- B. All members are accessible for dimensions with no security applied.
- C. The Identity Domain Administrator inherits full access privileges.
- D. Security is mandatory for one dimension.
- E. Security can be disabled for any dimension.
Answer: B
Explanation:
The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
Reference:
admin_security_predefined_roles_112x5e7954a4.html
NEW QUESTION 27
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
- A. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
- B. Grant the data input users WRITE access to the dimension members used on the form.
- C. Set the consolidation member on the form to FCCS_Entity Input.
- D. Set the currency on the form to Parent Currency.
- E. Select level 0 dimension members for the POV, rows, and columns.
Answer: B,C,E
Explanation:
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference:
form_design_considerations.html
https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html
NEW QUESTION 28
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
- A. January should be consolidated for the change and nothing needs to happen for February.
- B. January and February should be consolidated.
- C. There is no way to do a prior period entry like this.
- D. February should be consolidated, after which the cash at AceCo is now 65.
Answer: B
NEW QUESTION 29
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
- A. Drill-back is available from any Multi-source dimensionmember by default, know the source of the origination data load.
- B. Drill-back to SDM is not an available feature.
- C. By selecting Track Multi-source Data Input option for Other Data duringthe application creation process.
- D. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
Answer: A
NEW QUESTION 30
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