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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which scenario would an On-Demand rule be an appropriate solution?

A) To import data into a form or Smart View worksheet
B) To allocate data to base entities prior to consolidation
C) To perform a custom currency translation for a subset of accounts
D) To add a column with a calculation to a report

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

A) 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
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) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) The changes in the relational database are synced to the underlying Essbase cube.

3. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
B) Select level 0 dimension members for POV\ rows, and columns. www*'
C) Set the consolidation member on the form to FCCS Entity Input.
D) Grant the data input users Write access to the dimension members used on the form.
E) Set the currency on the form to Parent Currency.

4. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
B) Calculations, dashboards, and reports to provide analysis for cash flow modeling
C) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
D) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning

5. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Line
B) Gauge
C) Bar
D) Tile

Solutions: