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Oracle 1Z0-1081-22 Exam

Certification Provider: Oracle
Exam Name: Oracle Financial Consolidation and Close 2022 Implementation Professional
Duration: 90 Minutes
Number of questions in our database: 116
Exam Version: Sep. 11, 2022
1Z0-1081-22 Exam Official Topics:
  • Topic 1: Configure the default translation method and default rate accounts/ Run the setup wizard for the FCC business process
  • Topic 2: Create consolidation journals and consolidation journal templates/ Describe Financial Consolidation and Close features
  • Topic 3: Add and edit members using the Simplified Dimension Editor/ Set Up the Financial Consolidation and Close Business Process
  • Topic 4: Customize the translation process using translation rules and custom rate accounts/ Create consolidation adjustments with Configurable Consolidation Rules
  • Topic 5: Configure statutory consolidations using Ownership Management and Consolidation Methods/ Describe Period and Movement as Dense dimensions (DSO)
  • Topic 6: Enter exchange rates and historical override rates and amounts/ Describe the Account, Entity, and Scenario dimensions
  • Topic 7: Create custom consolidation calculations with Configurable Calculations and On Demand Rules/ Financial Consolidation and Close Overview
  • Topic 8: Assign approval groups to an approval unit hierarchy/ Add members to the Currency and Movement dimensions
  • Topic 9: Build Out Your Financial Consolidation and Close Solution/ Create journal, intercompany, and consolidation reports
  • Topic 10: Configure Opening and Closing Balance System Rules/ Explain Intercompany Entity Aggregation Options
  • Topic 11: Assign security access to dimension members/ Describe valid and invalid intersection rules
  • Topic 12: Explain approval groups and phased submissions/ Automate repetitive tasks using EPM Automate

Free Oracle 1Z0-1081-22 Exam Actual Questions

The questions for 1Z0-1081-22 were last updated On Sep. 11, 2022

Question #1

Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

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Question #2

Financial Consolidation

and Close maintains calculation status for which four dimensions?

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Correct Answer: B, D, E, F

Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.

Question #3

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

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Correct Answer: A, B

Report objects include:

* Grids

* Text


Question #4

Which three

can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?

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Correct Answer: D

The Consolidation Method and Control setting can be manually changed if needed.

QUESTION 33 Which statement correctly describes the Consolidation dimension? A. The dimension allows users to see input versus journal adjustment data. B. The dimension contains members to store non-controlling interest and joint venture data. C. The dimension uses a separate member for data from an entity's level zero descendants. D. The dimension allows users to view data in the parent currency.

Question #5

You have

created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group.

How can the Analysts navigation flow be made the default for the Analysts user group?

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Correct Answer: A

Assign to assigns the navigation flow to a group of users or to a role.


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