Oracle Financial Consolidation and Close 2019 Implementation Essentials (1z0-1081) Free Practice Test

Question 1

Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

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

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

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

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

Correct Answer: B

Question 2

Which statement correctly describes the Consolidation dimension?

A. The dimension aggregates input, consolidated, and elimination data together.

B. The dimension uses a separate member to store data from an entity's descendants.

C. The dimension allows users to see input versus journal adjustment data.

D. The dimension contains members to store non-controlling interest and joint venture data.

Correct Answer: C

Question 3

When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A. Plug Account

B. Intercompany Entity

C. Is Plug Account

D. Intercompany Account

Correct Answer: C

Question 4

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A. The Intercompany Alias is set to the Entity Name.

B. The Intercompany Alias is automatically changed to the new Entity Alias.

C. The Intercompany Alias is automatically set to the Intercompany Name.

D. The Intercompany Alias is not automatically changed to the new Entity Alias.

Correct Answer: B

Question 5

For data load rules in Data Management, which two statements are FALSE?

A. If specified, the import format will be used; if not, then the location's format will be used.

B. A job must first run to import the data file before the user can run the data load rule.

C. Valid load types are Merge and Replace.

D. End users can upload a file when running a data load rule.

E. Data load rules cannot be shared across locations.

Correct Answer: B,C

Question 6

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

A. 12-month only

B. 12-month and 13-month

C. Any number of months can be selected

D. 12-month, 13-month and a 14-month

Correct Answer: B

Question 7

When defining a batch in Data Management, which statement is True?

A. A batch replaces the need for data load rules.

B. A batch can load to multiple plan types.

C. Each data load rule must specify the period or the batch will default to the POV period.

D. Batches can import from source or export to target, but not both.

E. Batches can execute data loads for multiple locations.

Correct Answer: A

Question 8

By default, security access is set to "None" for which three dimensions? (Choose three.)

A. Data Source

B. Entity

C. Movement

D. Year

E. Account

Correct Answer: A,B,E

Question 9

Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?

A. The Identity Domain Administrator inherits full access privileges.

B. All members are accessible for dimensions with no security applied.

C. Security can be assigned at a parent level.

D. Security can be disabled for any dimension.

E. Security is mandatory for one dimension.

Correct Answer: B

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Oracle Financial Consolidation and Close 2019 Implementation Essentials (1z0-1081) Free Practice Test