Oracle 1Z0-1081-21 Real Exam Questions Guaranteed Updated Dump from ExamsReviews
Verified Pass 1Z0-1081-21 Exam in First Attempt Guaranteed
NEW QUESTION 20
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
Response:
- A. enables the Elimination member in the Consolidation dimension
- B. enables the application to perform Intercompany eliminations
- C. process will separate total elimination values by Data Source.
- D. enables the application to include Intercompany data.
Answer: C
NEW QUESTION 21
Which statement is false regarding establishing security for Financial Consolidation and Close?
- A. Security is mandatory for one dimension.
- B. All members are accessiblefor dimensions with no security applied.
- C. The Identity Domain Administrator inherits full access privileges.
- D. Security can be assigned at a prevent level.
- E. Security can be disabled for any dimension.
Answer: B
Explanation:
Explanation
Explanation/Reference:
The Identity Domain Administrator is not a functional role; it does not inherit access privileges grantedthrough functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
Reference: https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/ admin_security_predefined_roles_112x5e7954a4.html
NEW QUESTION 22
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. SystemAdministrator
- B. Power User
- C. Metadata Supervisor
- D. Metadata Administrator
Answer: D
Explanation:
Explanation
Explanation/Reference:
Service Administrators have Write access to all dimension members and to all forms.
Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATIONDEV
NEW QUESTION 23
Which two statements are true regarding the Copy Data function?
- A. You can copy data for historical rate and amount overrides.
- B. You can select which Consolidation dimension member to copy.
- C. You cannot select which Account members to copy.
- D. When you select the Regular Data option, journals data is included.
Answer: A,D
Explanation:
Explanation
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/data_copy.html
NEW QUESTION 24
On what days during the month doesOracle apply patch updates to fix bugs, apply code optimizations, and add new features?
- A. the third Friday of each month to apply to both TEST and PROD simultaneously
- B. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
- C. the first and third Monday of each month; first Monday for TEST and third Mondayfor PROD
- D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
Answer: D
NEW QUESTION 25
Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?
- A. Select Application, then Overview, then Actions, and then Import Data
- B. Select Application, then Overview, then Data, and then Export
- C. Select Dimensions, then Actions, and then Import Data
- D. Select Import, then Actions, and then Data
Answer: A
NEW QUESTION 26
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
- A. calculations, dashboards and reports to provide analysis for cash flow modeling
- B. calculations, dashboards and reports built on planning frameworksto provide cash flow planning
- C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow
- D. pre-built integrations to combine narrative and data to produce both internal and external reporting packages
Answer: C
NEW QUESTION 27
Which statement correctly describes the Consolidation dimension?
Response:
- A. The dimension uses a separate member to store data from an entity's descendants.
- B. The dimension aggregates input, consolidated, and elimination data together.
- C. The dimension contains members to store non-controlling interest and joint venture data.
- D. The dimension allows users to see input versus journal adjustment data.
Answer: B
NEW QUESTION 28
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application.The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)
- A. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- B. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
- C. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
- D. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
Answer: A,C
NEW QUESTION 29 
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
- A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
- B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
- C. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_NoIntercompany
- D. Entity P_2,Consolidation FCCS_Contribution, Intercompany H_1
Answer: B
NEW QUESTION 30
For which scenario would an On-Demand rule be an appropriate solution?
- A. to allocate data to base entities prior to consolidation
- B. to add a column with a calculation to a report
- C. to perform a custom currency translation for a subset of accounts
- D. to copy data from one scenario to a different scenario
Answer: D
Explanation:
Explanation/Reference:
Copy data from one scenario toanother one.
Reference:https://neonn.com/alwayson/demand-rules-hfm/
NEW QUESTION 31
Which statement accurately describes alternate hierarchies?
- A. Contribution to parent members are similar
- B. Single entities having multiple parents
- C. Data must be entered multiple times for shared members
- D. Parent members having the samecurrency
Answer: B
NEW QUESTION 32
Which statement is FALSE when Intercompany Data is enabled?
- A. The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
- B. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- C. Tracking intercompany eliminations is optional.
- D. Intercompany accounts are assigned plug accounts.
Answer: B
NEW QUESTION 33 
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
Response:
- A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
- B. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
- C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
- D. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
- E. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
Answer: E
NEW QUESTION 34
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balanceamount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has the same currency as AceCo, Q is 90% owned,and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- D. P has adifferent currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Answer: B
NEW QUESTION 35
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
(Choose three.)
Response:
- A. Multi-GAAP, Data Type, Intra-company
- B. Value, Entity, Account
- C. Data source, Consolidation, View
- D. Period, Year, Entity
- E. From Currency, Movement, Scenario
Answer: C,D,E
NEW QUESTION 36
For yourbusiness process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?
- A. Create an on-demand rule in Calculation Manager that you run after consolidation.
- B. Edit the numbers usinga web form or Smart View after consolidating.
- C. Click FinalCalculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.
- D. Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.
Answer: D
Explanation:
Explanation
Explanation/Reference:
From the Consolidation Process page, select the Consolidated tab,and then selectConfigurable Consolidation.
Click the Create Rule Set.
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ consolidation_creating_rule_sets.html
NEW QUESTION 37
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 the Consolidation template when setting up the Approval Unit hierarchy.
- B. Select as owners only userswith the Service Administrator or Power User security role.
- C. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
- D. Delete the default Approval Unit hierarchy.
Answer: A
Explanation:
Explanation/Reference:
To lock or unlock an entity, you must create an approval unit hierarchy containing the entities youwant to lock.
By default, Financial Consolidation and Close provides an approval unit named "Total Geography".
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ locking_and_unlocking_entities.html
NEW QUESTION 38
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run toaccomplish this?
- A. Consolidation Report
- B. Intercompany Report
- C. Journal Report
- D. Financial Report
Answer: A
Explanation:
Explanation
Explanation/Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/consolidation_report.html
NEW QUESTION 39
What is the Data Storage value for an accountthat must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. Dynamic Calc and Store
- C. No Rate
- D. Never Share
- E. Dynamic
Answer: A
NEW QUESTION 40
Which four sample ratios can be selected during business process creation?
- A. Inventory Ratios
- B. Gross Margin
- C. Earnings per Share
- D. Contribution Margin
- E. Days Sales in Receivables
- F. Debt Ratio
Answer: B,C,D,E
NEW QUESTION 41
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension?
(Choose four.)
Response:
- A. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
- B. Siblings can be added to the FCCS_CashFlow_Investing member.
- C. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
- D. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
- E. The Cash Change hierarchy cannot be modified.
- F. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
Answer: A,B,C,D
NEW QUESTION 42
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Tasks, then Metadata, and then Import
- B. by selecting Application, then Overview, then Dimensions, and then Import
- C. by selecting Application, then Overview,then Dimensions, and then Export
- D. by selecting Dimension, then Import, and then Metadata
Answer: B
NEW QUESTION 43
The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?
Response:
- A. Day 1 to Day 7
- B. Day -3 to Day 3
- C. Day -2 to Day 4
- D. Day -3 to Day 4
Answer: A
NEW QUESTION 44
......
Download Real Oracle 1Z0-1081-21 Exam Dumps Test Engine Exam Questions: https://easypass.examsreviews.com/1Z0-1081-21-pass4sure-exam-review.html