Real 1Z0-1081-21 Exam Questions are the Best Preparation Material
Practice on 2022 LATEST 1Z0-1081-21 Exam Updated 119 Questions
Oracle 1Z0-1081-21 Exam Syllabus Topics:
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NEW QUESTION 68
Which selection should you make to show the Intercompany account and matching account balances on the Intercompany Matching Report?
Response:
- A. Intercompany Accounts
- B. Intercompany Plug Accounts
- C. Intercompany Partners
- D. Elimination Consolidation Dimension member
Answer: C
NEW QUESTION 69
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- A. Provide a strong compliance framework that includes auditing and segregation of duties.
- B. Integrate with source systems.
- C. Ensure security of sensitive data.
- D. Provide predictive analysis and modeling.
Answer: A,B,C
NEW QUESTION 70
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
Response:
- A. Consolidation Report
- B. Intercompany Report
- C. Journal Report
- D. Financial Report
Answer: A
NEW QUESTION 71
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
Response:
- A. Set the currency on the form to Parent Currency.
- B. Grant the data input users WRITE access to the dimension members used on the form.
- C. Select level 0 dimension members for the POV, rows, and columns.
- D. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
- E. Set the consolidation member on the form to FCCS_Entity Input.
Answer: B,C,E
NEW QUESTION 72
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
Response:
- A. Scenario, View, Parent Entity and Account
- B. Period, Scenario, Base Entity and Parent Entity
- C. Scenario, Account, Base Entity and Parent Entity
- D. Year, Scenario, Base Entity and Account
Answer: B
NEW QUESTION 73
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension?
(Choose four.)
Response:
- A. Siblings can be added to the FCCS_CashFlow_Investing member.
- B. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
- C. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
- D. The Cash Change hierarchy cannot be modified.
- E. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
- F. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
Answer: A,B,C,E
NEW QUESTION 74
What can the Intercompany Dimension be enabled and made visible within your application?
- A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
- C. during application creation and selecting the Multi-source Data Input of Other Data
- D. during application creation and selecting the Intercompany Data feature option
Answer: D
NEW QUESTION 75
Whencreating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
- A. The script will not work since the UD5 member referenced does not start with FCCS_
- B. The script will work if the script is referenced in the In mapping type with #SQL as the target.
- C. The script can be eliminated byusing a multi-dim map on the Product dimension that also looks for the account Sales.
- D. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
- E. The script will not work since Data Management does not support scripting.
Answer: B
NEW QUESTION 76
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored?
(Choose two.)
Response:
- A. FCCS_Elimination
- B. FCCS_Rate Override
- C. FCCS_Contribution
- D. FCCS_Proportion
- E. FCCS_Translation
- F. FCCS_Amount_Override
Answer: B,F
NEW QUESTION 77
You need to define a form that requires users to select the entity for which to view data from a list thatincludes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?
- A. the Point of View
- B. columns
- C. the Page Axis
- D. rows
Answer: A
Explanation:
Explanation
Explanation/Reference:
The point of view is displayed on the top of the form. Elements that can be changed are displayed as links in the point of view. For example, if the Entity dimension is displayed as a link, you can change the entity but not the other dimensions in the point of view.
Reference: https://docs.oracle.com/cd/E57185_01/OHFMU/form_pov.htm#OHFMU-Webdataforms472213
NEW QUESTION 78
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
Response:
- A. the third Friday of each month to apply to both TEST and PROD simultaneously
- B. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
- C. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
- D. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
Answer: C
NEW QUESTION 79
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
Response:
- A. FCCS_Proportion
- B. FCCS_Data Input
- C. FCCS_No Data Source
- D. FCCS_SystemTypes
Answer: A
NEW QUESTION 80
How do you enable multiple currencieswithin a Financial Consolidation and Close (FCCS) application?
- A. Enable a dimension for Currency after application creation via a Metadata load.
- B. During application creation, select the Multicurrency option of "Yes".
- C. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- D. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
Answer: A
Explanation:
Explanation/Reference:
Enable a dimension for Currency after application creation via a Metadata load.
Reference:https://alexandertechniqueworkshops.com/5dmqxf1u/55aba3-fccs-currency-dimension
NEW QUESTION 81
Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?
- A. Load data to this account and create member formulas.
- B. Enter data through a data form
- C. Create member formulas.
- D. Load data to this account.
Answer: A
NEW QUESTION 82
By default, security access is set to "None" for which three dimensions?
(Choose three.)
Response:
- A. Entity
- B. Account
- C. Year
- D. Data Source
- E. Movement
Answer: A,B,D
NEW QUESTION 83
What can the Intercompany Dimension be enabled and made visible within your application?
Response:
- A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
- C. during application creation and selecting the Multi-source Data Input of Other Data
- D. during application creation and selecting the Intercompany Data feature option
Answer: D
NEW QUESTION 84
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
Response:
- A. Drill-back to SDM is not an available feature.
- B. By selecting Track Multi-source Data Input option for Other Data during the application creation process.
- C. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
- D. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
Answer: C
NEW QUESTION 85
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)?
(Choose two.)
- A. DAT file type
- B. Excel XLS file type
- C. Comma delimited
- D. Tab delimited
Answer: C,D
NEW QUESTION 86
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
(Choose three.)
Response:
- A. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
- B. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
- C. Load detailed Fixed Asset data to Movement members.
- D. Create a Roll Forward in the account dimension.
- E. Add custom Movement members to the FCCS_CashFlow hierarchy.
Answer: A,B,C
NEW QUESTION 87
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
- A. Intercompany Account
- B. Plug Account
- C. Intercompany Entity
- D. Is Plug Account
Answer: D
NEW QUESTION 88
On what days during the month doesOracle apply patch updates to fix bugs, apply code optimizations, and add new features?
- A. the third Friday of each month to apply to both TEST and PROD simultaneously
- B. the first and third Monday of each month; first Monday for TEST and third Mondayfor PROD
- C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
- D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
Answer: D
NEW QUESTION 89
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this. Where on the form do you define the View dimension and select the correct member?
Response:
- A. the Point of View
- B. the Page Axis
- C. a column
- D. Other Options section
Answer: A
NEW QUESTION 90
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)
- A. FCCS_Rate Override
- B. FCCS_Contribution
- C. FCCS_Proportion
- D. FCCS_Elimination
- E. FCCS_Translation
- F. FCCS_Amount_Override
Answer: A,D
NEW QUESTION 91
Which statement accurately describes alternate hierarchies?
- A. Contribution to parent members are similar
- B. Parent members having the samecurrency
- C. Data must be entered multiple times for shared members
- D. Single entities having multiple parents
Answer: D
NEW QUESTION 92
What are two important first steps in initially setting up Close Manager?
(Choose two.)
Response:
- A. Define system settings such as Organization units, Holiday rules and Task attachment size.
- B. Create a schedule and set it to Open status.
- C. Set up Users.
- D. Assign tasks to users.
Answer: A,C
NEW QUESTION 93
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