Free 1z0-1081-22 braindumps download (1z0-1081-22 exam dumps Free Updated Jan 24, 2023) [Q32-Q49]

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Free 1z0-1081-22 braindumps download (1z0-1081-22 exam dumps Free Updated Jan 24, 2023)

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Q32. Which three
are seeded data forms created during business process creation?

Exchange Rate Multi-period

Override Rates

Shares Outstanding

Data Status

Headcount

Q33. What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

enables the Elimination member in the Consolidation dimension

process will separate total elimination values by Data Source.

enables the application to include Intercompany data.

enables the application to perform Intercompany eliminations

Q34. What are
two important first steps in initially setting up Task Manager?

Set up Users.

Define system settings such as Organization units, Holiday rules and Task attachment size.

Assign tasks to users.

Create a schedule and set it to Open status.

Reference:
cm_close_process_overview.html

Q35. 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?

this setting will not affect additions or subtractions to the next parent

subtract amounts consolidated to the parent

add amounts consolidated to the parent

you can’t load data to this account

Q36. Which statement is true regarding shared members and valid intersection rules?

Shared members are supported in valid intersection rules

If a shared member is selected for a valid intersection rule, then the base member is not included in the rule

If a base member is included in a valid intersection rule, then any shared member is not included in the rule

Shared members are not supported in valid intersection rules

Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule.
Reference:
admin_valid_intersections_shared_members_and_rules_102x58c8d618.html

Q37. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?

Ownership Percentage

Control

Consolidation Method

Consolidation Percentage

Minority Interest Percentage

The Consolidation Method and Control setting can be manually changed if needed.

Q38. Which statement
is false regarding establishing security for Financial Consolidation and Close?

Security can be assigned at a prevent level.

Security is mandatory for one dimension.

The Identity Domain Administrator inherits full access privileges.

All members are accessible for dimensions with no security applied.

Security can be disabled for any dimension.

The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
Reference:
admin_security_predefined_roles_112x5e7954a4.html

Q39. Which statement is FALSE when enabling a Multi-GAAP application?

Two custom dimensions are available after enabling Multi-GAAP.

The Multi-GAAP dimension is optional.

The system automatically creates an FCCS_IFRS member.

Additional GAAP adjustment can be created.

Q40. Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

Account

From Currency

Entity

Currency

Q41. 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 to accomplish this?

Consolidation Report

Journal Report

Intercompany Report

Financial Report

Q42. How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

Enable a dimension for Currency after application creation via a Metadata load.

During application creation, select the Multicurrency option of “No” and insert additional currencies within the Currency dimension.

During application creation, select the Multicurrency option of “Yes”.

Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

Enable a dimension for Currency after application creation via a Metadata load.

Q43. Which four
sample ratios can be selected during business process creation?

Inventory Ratios

Gross Margin

Contribution Margin

Earnings per Share

Debt Ratio

Days Sales in Receivables

Q44. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

The alias of the associated Intercompany member is automatically updated.

The associated Intercompany member must be manually removed.

The associated Intercompany member is automatically removed.

The alias of the associated Intercompany member must be manually changed.

Q45. 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.)

FCCS_Elimination

FCCS_Proportion

FCCS_Entity Input

FCCS_Entity Consolidation

FCCS_Entity Total

FCCS_Contribution

Q46. Which two
statements are true of the roll forward calculation in the Movement dimension?

Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

Translated values for Closing Balance are adjusted to the ending rate for the period.

Values for Opening Balance are retrieved from the prior period Closing Balance.

Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.
Opening balance is calculated from the prior period’s Closing Balance.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html

Q47. Which statement
about the Equity Pickup feature is FALSE?

Seeded rule-sets are provided for Equity Pickup.

Equity Pickup rules run as part of the consolidation process.

Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.

Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.

Q48. 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?

Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

Select the Consolidation template when setting up the Approval Unit hierarchy.

Delete the default Approval Unit hierarchy.

Select as owners only users with the Service Administrator or Power User security role.

To lock or unlock an entity, you must create an approval unit hierarchy containing the entities you want to lock.
By default, Financial Consolidation and Close provides an approval unit named “Total Geography”.
Reference:
locking_and_unlocking_entities.html

Q49. Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

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Oracle 1z0-1081-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Add and edit members using the Simplified Dimension Editor Set Up the Financial Consolidation and Close Business Process
Topic 2	Create consolidation journals and consolidation journal templates Describe Financial Consolidation and Close features
Topic 3	Explain approval groups and phased submissions Automate repetitive tasks using EPM Automate
Topic 4	Assign approval groups to an approval unit hierarchy Add members to the Currency and Movement dimensions
Topic 5	Configure statutory consolidations using Ownership Management and Consolidation Methods Describe Period and Movement as Dense dimensions (DSO)
Topic 6	Enter exchange rates and historical override rates and amounts Describe the Account, Entity, and Scenario dimensions
Topic 7	Configure Opening and Closing Balance System Rules Explain Intercompany Entity Aggregation Options
Topic 8	Assign security access to dimension members Describe valid and invalid intersection rules

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Free 1z0-1081-22 braindumps download (1z0-1081-22 exam dumps Free Updated Jan 24, 2023) [Q32-Q49]

Oracle 1z0-1081-22 Exam Syllabus Topics:

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