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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Year
B) Scenario
C) Data Source
D) Period
E) Entity
F) Consolidation

2. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) To specify exchange rates you must set up multiple currencies when creating an application.
B) The child entity is NOT a shared entity.
C) Reporting currencies have been defined in the Currency dimension.
D) The default currency of the child is different from the default currency of the parent.

3. Where do you set the Intercompany Entities Aggregation option?

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

4. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension contains members to store non-controlling interest and joint venture data.
D) The dimension allows users to view data in the parent currency.

5. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Footer
B) Grid
C) Header
D) Chart

Solutions: