Free Oracle Financial Consolidation and Close 2022 Implementation Professional Exam 1Z0-1081-22 Exam Practice Test

- (Exam Topic 1) Which three fields must be defined whenregistering a file-based source system in Data Management? (Choose three.)

• Source Type
• Drill URL
• Cloud Type
• Description
• Name

- (Exam Topic 1) By default, security access is set to “None” for which three dimensions? (Choose three.)

• Movement
• Data Source
• Account
• Entity
• Year

- (Exam Topic 1) UESTION NO: 64 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 of equity accounts? (Choose two.)

• 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.
• A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
• 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.
• Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.

- (Exam Topic 2) What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

• The data export format / file extension is always extracted in a XLS file format.
• The data export format / file extension is always extracted in a ZIP file format.
• Thedata export format / file extension is always extracted in a DAT file format.
• The data export format / file extension is always extracted in a CSV file format.

- (Exam Topic 1) When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled. Which statement is true?

• The FCCS_No Intercompany member of the ICP dimension will be used for all data.
• Data can be stored by intercompany partner but no eliminations will occur.
• An extra custom dimension will beavailable.
• The ICP dimension will be omitted.

- (Exam Topic 1) Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

• FCCS_Amount_Override
• FCCS_Rate Override
• FCCS_Contribution
• FCCS_Proportion
• FCCS_Elimination
• FCCS_Translation

- (Exam Topic 1) How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

• Drill-back to SDM is not an available feature.
• Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
• By selecting Track Multi-source Data Input option for Supplemental Data during the applicationcreation process.
• By selecting Track Multi-source Data Input option for Other Data during the application creation process.

- (Exam Topic 1) Which statement is FALSE when enabling a Multi-GAAP application?

• Two custom dimensions areavailable after enabling Multi-GAAP.
• The Multi-GAAP dimension is optional.
• The system automatically creates an FCCS_IFRS member.
• Additional GAAP adjustment can be created.

- (Exam Topic 1) Which explains why the Currency dimension does NOT display in your application?

• Security access to the Multi-GAAP dimension is required
• Multi-Currency option was not selected at application creation
• Entity-specific security rights were not properly granted
• Security has not been granted

- (Exam Topic 1) Which four sample ratios can be created during the application creation process? (Choose four.)

• Inventory Ratios
• Contribution Margin
• Debt Ratio
• Earnings per Share
• Days Sales in Receivables
• Gross Margin