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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?

A) You can select which accounts to include in the rule scope.
B) They are available only if Intercompany Data with Tracking is enabled for the business process.
C) You can select which entities to include in the rule scope.
D) Opening Balance Override rules execute for the first period in the year only.

2. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Inventory Ratios
B) Gross Margin
C) Contribution Margin
D) Earnings per Share
E) Debt Ratio
F) Days Sales in Receivables

3. 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?

A) Select the Consolidation template when setting up the Approval Unit hierarchy.
B) Select users with the Service Administrator security role.
C) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D) Delete the default Approval Unit hierarchy.

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

A) If a base member is included in a valid intersection rule, then any shared member is not included in the rule
B) If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
C) Shared members are supported in valid intersection rules
D) Shared members are not supported in valid intersection rules

5. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) The View dimension stores only periodic data.
B) You cannot add member formulas to members of the Movement dimension.
C) Account is a Sparse dimension.
D) All parent members in the Account dimension must have a Solve Order value of 58.

Solutions: