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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which four items are included in the Currency dimension? (Choose four.)

A. Input Currencies
B. Default Currency
C. Entity Currency
D. Parent Currency
E. Reporting Currencies
F. Journal Input Currencies

Question 2

For which task categories is Audit enabled by default?

A. All task categories
B. Journals
C. Data only
D. No task categories

Question 3

Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A. There is no reason to consolidate years sequentially.
B. Parent account calculations depend on the sequencing.
C. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
D. Each period in the year must consolidate separately.

Question 4

Which statement is FALSE about when Intercompany Data is enabled?

A. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
B. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
C. Tracking intercompany eliminations is optional.
D. Intercompany accounts are assigned plug accounts.

Question 5

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. Journal
B. Consolidation
C. Financial
D. Intercompany

Solutions: