Oracle 1z0-1081-23

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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. 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) Each period in the year must consolidate separately.
D) Years should be consolidated sequentially to ensure that rollforward calculations are correct.

2. For which task categories is Audit enabled by default?

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

3. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Totallnput And Adisuted
B) FCCS Contribution
C) FCCS Entity Consolidation
D) FCCS Entity Total

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

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

5. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select users with the Service Administrator security role.
B) Select the Consolidation template when setting up the Approval Unit hierarchy.
C) Delete the default Approval Unit hierarchy.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

Solutions: