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Oracle
1Z0-1081-22: Oracle Financial Consolidation and Close 2022 Implementation Professional

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: May. 23, 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 May. 23, 2023

Question #1

Which statement correctly describes what happens to parent entities during consolidation?

AFrom each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

BThe changes in the relational database are synced to the underlying Essbase cube.

CSince parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

DThe data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

Reveal Solution Hide Solution

Correct Answer: A

Question #2

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

Aby selecting Application, then Overview, then Dimensions, and then Export

Bby selecting Dimension, then Import, and then Metadata

Cby selecting Application, then Overview, then Dimensions, and then Import

Dby selecting Tasks, then Metadata, and then Import

Reveal Solution Hide Solution

Correct Answer: C

Question #3

Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

Apre-built integrations to combine narrative and data to produce both internal and external reporting packages

Bcalculations, dashboards and reports to provide analysis for cash flow modeling

Ccalculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

Dcalculations, dashboards and reports built on planning frameworks to provide cash flow planning

Reveal Solution Hide Solution

Correct Answer: C

Question #4

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?

AThe script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

BThe script will work if the script is referenced in the In mapping type with #SQL as the target.

CThe script will not work since Data Management does not support scripting.

DThe script will not work since the UD5 member referenced does not start with FCCS_

EThe script will work if the script is referenced in the Explicit mapping type with #SQL as the target.

Reveal Solution Hide Solution

Correct Answer: B

Question #5

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

Aby selecting Application, then Overview, then Dimensions, and then Export

Bby selecting Dimension, then Import, and then Metadata

Cby selecting Application, then Overview, then Dimensions, and then Import

Dby selecting Tasks, then Metadata, and then Import

Reveal Solution Hide Solution

Correct Answer: C

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