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Following are some reference material for actual Oracle 1z0-1081-23 exam test

Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A. FX Rates - Ending
B. FX Rates - Average
C. FX Rates - Opening
D. FX Rates - Historical
E. FX Rates - None

Question 2

Which two statements are true about the Multi-GAAP feature? (Choose two.)

A. You must specify a prefix for entities that use the alternate gap standard.
B. Select this option if you need to report your financial statements only in IFRS.
C. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
D. Enabling Multi-GAAP reduces the number of custom dimensions you can have.

Question 3

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A. Reporting currencies have been defined in the Currency dimension.
B. The child entity is NOT a shared entity.
C. To specify exchange rates you must set up multiple currencies when creating an application.
D. The default currency of the child is different from the default currency of the parent.

Question 4

For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A. Data Source
B. Consolidation
C. Scenario
D. Year
E. Entity
F. Period

Question 5

What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A. FCCS Totallnput And Adisuted
B. FCCS Entity Consolidation
C. FCCS Contribution
D. FCCS Entity Total

Solutions: