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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

A) The schedule end date changes to match the end date of the task.
B) The task will not run.
C) An error, you can't add a new task past the due date.
D) The new task will run outside of the schedule end date.

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

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

3. In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A) Movement of FX impact for historical rate accounts to the FCCS_CTA account
B) The account is FCCS_Net Income
C) The current FCCS_CTA account balance does not change from the prior period
D) A variance in the Average rate and the Ending rate

4. Which statement is true of journals created from Recurring templates?

A) The initial status of journals created from Recurring templates is Approved.
B) The initial status of journals created from Recurring templates is Posted.
C) The line items in journals created from Recurring templates are read only.
D) Journals for recurring templates are created automatically when you open a period for journals.

5. Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A) An ownership percentage for the entity other than 100 was entered.
B) A rate was entered into the FCCS_Rate Override account.
C) The parent entity has a different currency than the child.
D) An intercompany elimination was performed.

Solutions: