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Oracle 1z0-1081-22 Exam Syllabus Topics:

Topic 1
  • Create consolidation journals and consolidation journal templates
  • Describe Financial Consolidation and Close features
Topic 2
  • Assign approval groups to an approval unit hierarchy
  • Add members to the Currency and Movement dimensions
Topic 3
  • Customize the translation process using translation rules and custom rate accounts
  • Create consolidation adjustments with Configurable Consolidation Rules
Topic 4
  • Configure the default translation method and default rate accounts
  • Run the setup wizard for the FCC business process
Topic 5
  • Build Out Your Financial Consolidation and Close Solution
  • Create journal, intercompany, and consolidation reports
Topic 6
  • Create custom consolidation calculations with Configurable Calculations and On Demand Rules
  • Financial Consolidation and Close Overview
Topic 7
  • Configure statutory consolidations using Ownership Management and Consolidation Methods
  • Describe Period and Movement as Dense dimensions (DSO)

>> 1z0-1081-22 Exam Materials <<

Quiz Oracle - Perfect 1z0-1081-22 - Oracle Financial Consolidation and Close 2022 Implementation Professional Exam Materials

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Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q99-Q104):


A company has two subsidiaries with 1000 EURO each in the Cash account.

Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)

  • A. FCCS_Elimination
  • B. FCCS_Contribution
  • C. FCCS_Entity Input
  • D. FCCS_Proportion
  • E. FCCS_Entity Consolidation
  • F. FCCS_Entity Total

Answer: B,C,E,F


Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

  • A. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
  • B. The Cash Change hierarchy cannot be modified.
  • C. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
  • D. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
  • E. Siblings can be added to the FCCS_CashFlow_Investing member.
  • F. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

Answer: A,C,E,F


Which item describes the use for the Currency dimension property Triangulation Currency?

  • A. The ability to input foreign exchange rates
  • B. The ability to calculate CTA (Cumulative Translation Adjustment)
  • C. The ability to force translations
  • D. The ability to report in multiple currencies
  • E. The ability to calculate foreign exchange rates

Answer: E


What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

  • A. subtract amounts consolidated to the parent
  • B. add amounts consolidated to the parent
  • C. you can't load data to this account
  • D. this setting will not affect additions or subtractions to the next parent

Answer: A


When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

  • A. Any number of months can be selected
  • B. 12-month and 13-month
  • C. 12-month, 13-month and a 14-month
  • D. 12-month only

Answer: B



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