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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Parent account calculations depend on the sequencing.
B) There is no reason to consolidate years sequentially.
C) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
D) Each period in the year must consolidate separately.

3. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting a shared member for a rule does not include its primary instance.
B) If a shared member is selected for a rule, the primary instance of the member is selected as well.
C) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
D) Selecting the primary instance of a member does not include shared members.

4. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Values for Opening Balance are retrieved from the prior period's Closing Balance.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.

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

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

Solutions: