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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: Jan. 18, 2023
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 Jan. 18, 2023

Question #1

When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:

WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'

ELSE 'SALES'

Which statement is True?

Reveal Solution Hide Solution
Correct Answer: B

Question #2

A company

would like to capture Fixed Asset additions and disposals within the Movement dimension.

Which three tasks are necessary to achieve this goal?

Reveal Solution Hide Solution
Correct Answer: C, D, E

Question #3

Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.

Which process produces USD balances for Company IOU?

Reveal Solution Hide Solution
Correct Answer: E

Question #4

What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

Reveal Solution Hide Solution
Correct Answer: D

D18912E1457D5D1DDCBD40AB3BF70D5D

The system creates an export file for each artifact (.csv).


Question #5

Which statement

is true of the default FCCS_ members within an application?

Reveal Solution Hide Solution
Correct Answer: B

The member names of the seeded accounts cannot be changed, but the aliases can.


3A1613856380969&ei=fH4xYLrqOoj4gQbWz7-oDw&q=default+FCCS_+members+within+an+application+can

+change+the+Alias&oq=default+FCCS_+members+within+an+application+can+change+the

+Alias&gs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXABGD

QwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gwswiz&ved=0ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0&uact=5


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