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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) Hickory and Paducah
B) H 1 and P 2
C) No elimination is performed, because H 1 and P 1 do not have the same parent.
D) PQR

2. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Year
B) Scenario
C) Data Source (Entity)
D) Period
E) Account

3. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
B) Selecting a shared member for a rule does not include its primary instance.
C) If a shared member is selected for a rule, the primary instance of the member is selected as well.
D) Selecting the primary instance of a member does not include shared members.

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

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

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

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

Solutions: