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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which statement is FALSE about the Equity Pickup feature?

A. Equity Pickup rules run as part of the consolidation process
B. Seeded rule sets are provided for Equity Pickup.
C. Equity Pickup rules are run on demand from the Rules card by users with launch permission.
D. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.

Question 2

Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A. Values for Opening Balance are retrieved from the prior period's Closing Balance.
B. Translated values for Closing Balance are adjusted to the ending rate for the period.
C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

Question 3

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?

A. Financial
B. Journal
C. Consolidation
D. Intercompany

Question 4

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 up the approval unit hierarchy
D. When you set the member properties for the entity

Question 5

Where do you set the Intercompany Entities Aggregation option?

A. On the Properties page of the Intercompany dimension
B. In the Setup Wizard during business process creation
C. In the member properties of the Intercompany Entities member
D. In the member properties of the Intercompany Top member

Solutions: