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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

A) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
B) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
C) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
D) The changes in the relational database are synced to the underlying Essbase cube.

2. In Data Integration, for what purpose do you use Workbench?

A) To configure data load options
B) To define dimension mapping
C) To review mapping of source to target members
D) To edit the data load file format

3. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Ending Rate
B) Opening Rate
C) Average Rate
D) Local Rate

4. When do you enable submission phases for your approval process?

A) When you set the member properties for the entity
B) When you set up the approval unit hierarchy
C) When you assign the approval unit hierarchy to a scenario, period, and year
D) When you start the approval process for an approval unit on the Manage Approvals page

5. Which statement is true about an approval process with the Phase Dependency option enabled?

A) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
B) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
C) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

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