Ultimate Guide to Prepare 1Z0-1081-21 Certification Exam for Oracle Cloud in 2022 [Q34-Q56]

21 Jun, 2022 By admin 1Z0-1081-21, Oracle 0 Comments

Ultimate Guide to Prepare 1Z0-1081-21 Certification Exam for Oracle Cloud in 2022 [Q34-Q56]

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Ultimate Guide to Prepare 1Z0-1081-21 Certification Exam for Oracle Cloud in 2022

Use Real 1Z0-1081-21 Dumps – Oracle Correct Answers updated on 2022

NO.34

PQR Company has theownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1’s receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

First common parent

Generation 0

First order relation

Lowest common denominator

NO.35 You have added a new task to a close schedule with a task due date past the defined end date of the schedule.
What isthe result of the change?

The new task will run outside of the schedule end date.

An error, you can’t add a new task past the due date.

The schedule end date changes to match the end date of the task.

The task will not run.

Explanation/Reference:
When you add a new task to a schedule, it automatically is scheduled to start on the project’s start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project’s finish date.
Reference:
https://support.microsoft.com/en-us/office/how-project-schedules-tasks-behind-the-scenesdf3431ab-8d8a-4047-a

NO.36 Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A rate was entered into the FCCS_Rate Override account.

An ownershippercentage for the entity other than 100 was entered.

An intercompany elimination was performed.

The parent entity has a different currency than the child.

NO.37 Which statement is true of the default FCCS_ members within an application?
Response:

You can change the default FCCS_ member prefix at application creation.

You can change the Alias.

You can change the Data Storage property.

You can change the Name.

NO.38 How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
Response:

Drill-back to SDM is not an available feature.

Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.

By selecting Track Multi-source Data Input option for Other Data during the application creation process.

NO.39 Which three are seeded data forms created during business process creation?

Exchange Rate Multi-period

Override Rates

Shares Outstanding

Data Status

Headcount

NO.40 Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

Account

From Currency

Entity

Currency

NO.41 Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

FCCS_Amount_Override

FCCS_Rate Override

FCCS_Contribution

FCCS_Proportion

FCCS_Elimination

FCCS_Translation

NO.42

PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2’s debit balance?

Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_NoIntercompany

Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

Entity P_2,Consolidation FCCS_Contribution, Intercompany H_1

NO.43 Which financial close related component isNOT a part of the Financial Consolidation and Close Cloud integrated product suite?

Process Management

Account Reconciliation Management

Data Management

Supplemental Data Management

Financial Close Management

NO.44 How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

Drill-back to SDM is not an available feature.

Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

By selecting Track Multi-source Data Input option for Supplemental Data during the applicationcreation process.

By selecting Track Multi-source Data Input option for Other Data during the application creation process.

NO.45 Which statement is FALSE when enabling a Multi-GAAP application?

Two custom dimensions areavailable after enabling Multi-GAAP.

The Multi-GAAP dimension is optional.

The system automatically creates an FCCS_IFRS member.

Additional GAAP adjustment can be created.

NO.46 Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

Scenario, Account, Base Entity and Parent Entity

Year, Scenario, Base Entity and Account

Scenario, View, Parent Entity and Account

Period, Scenario, Base Entity and Parent Entity

NO.47 How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
Response:

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.

NO.48 When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected?
(Choose two)
Response:

Supplemental Data

Data Management

ERP r12

ERP Cloud

NO.49 A company wouldlike to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

Add custom members for Additions and Disposals as dependents of
FCCS_Mvmts_CapitalExpenditures.

Load detailed Fixed Asset data to Movement members.

Add custom Movement members to the FCCS_CashFlow hierarchy.

Create a Roll Forward in the account dimension.

NO.50 The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?
Response:

Day -3 to Day 4

Day -2 to Day 4

Day 1 to Day 7

Day -3 to Day 3

NO.51 What can the Intercompany Dimension be enabled and made visible within your application?
Response:

during application creation and selecting the Intercompany Data feature option

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

during application creation and selecting the Multi-source Data Input of Other Data

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

NO.52 Which statement correctly describes what happens to parent entitiesduring consolidation?

From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

The changes in the relational database are syncedto the underlying Essbase cube.

Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

NO.53 Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
Response:

calculations, dashboards and reports built on planning frameworks to provide cash flow planning

calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

pre-built integrations to combine narrative and data to produce both internal and external reporting packages

calculations, dashboards and reports to provide analysis for cash flow modeling

NO.54 Which four items are included in the Currency dimension?
Response:

Journal Input Currencies

Input Currencies

Entity Currency

Reporting Currencies

Parent Currency

Translated Currencies

NO.55 You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
Response:

In the member selection for Entity, do not include shared entities, include only primary instances of entities.

Select level 0 dimension members for the POV, rows, and columns.

Set the currency on the form to Parent Currency.

Grant the data input users WRITE access to the dimension members used on the form.

Set the consolidation member on the form to FCCS_Entity Input.

NO.56 What is the correct Currency dimension member to select when running an Intercompany Matching Report?
Response:

Input Currency

Reporting Currency

Entity Currency

Parent Currency

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Oracle 1Z0-1081-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Create custom consolidation calculations with Configurable Calculations and On Demand Rules Create member mappings and define data load rules
Topic 2	Add and edit members using the Simplified Dimension Editor Add users and assign security roles
Topic 3	Create journal, intercompany, and consolidation reports Set Up the Financial Consolidation and Close Business Process
Topic 4	Build Out Your Financial Consolidation and Close Solution Explain the consolidation process (translate, eliminate, consolidate) and closing balance calculation
Topic 5	Customize the translation process using translation rules and custom rate accounts Configure the default translation method and default rate accounts

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Ultimate Guide to Prepare 1Z0-1081-21 Certification Exam for Oracle Cloud in 2022 [Q34-Q56]

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