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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

A) The changes in the relational database are synced to the underlying Essbase cube.
B) 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.
C) 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
D) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.

2. How do you navigate if you want to export a form to a Snapshot file?

A) From the Home page, select Tools, and then Clone Snapshot.
B) Open the form, select Actions, and then Export.
C) From the Home page, select Tools, and then Migration.
D) From the Navigator menu, select Forms.

3. When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A) 12-month only
B) 12-month, 13-month and a 14-month
C) Any number of months can be selected
D) 12-month and 13-month

4. Which statement accurately describes alternate hierarchies?

A) Contribution to parent members are similar
B) Data must be entered multiple times for shared members
C) Single entities having multiple parents
D) Parent members having the same currency

5. When do you enable submission phases for your approval process?

A) When you start the approval process for an approval unit on the Manage Approvals page
B) When you assign the approval unit hierarchy to a scenario, period, and year
C) When you set the member properties for the entity
D) When you set up the approval unit hierarchy

Solutions: