Oracle Financial Consolidation and Close 2023 Implementation Professional (1z0-1081-23) Free Practice Test

Question 1

Which four items are included in the Currency dimension? (Choose four.)

A. Entity Currency

B. Parent Currency

C. Input Currencies

D. Journal Input Currencies

E. Default Currency

F. Reporting Currencies

Correct Answer: A,C,D,F

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 2

Where do you set the Intercompany Entities Aggregation option?

A. On the Properties page of the Intercompany dimension

B. In the member properties of the Intercompany Entities member

C. In the member properties of the Intercompany Top member

D. In the Setup Wizard during business process creation

Correct Answer: B

Question 3

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

A. Data Source

B. Period

C. Entity

D. Consolidation

E. Year

F. Scenario

Correct Answer: B,C,E,F

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 4

Which statement is FALSE about Task Manager schedules?

A. You can still add tasks to a schedule that has been closed.

B. You can re-open a schedule that has been locked.

C. Users can still complete tasks in a schedule that has been closed.

D. To start all the tasks in a schedule, you must change the status from Pending to Open.

Correct Answer: A

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 5

Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A. Period

B. Entity

C. Year

D. Scenario

E. Account

Correct Answer: A,C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 6

Which two statements about the Copy Data function are true? (Choose two.)

A. You cannot select which Account members to copy.

B. When you select the Regular Data option, journals data is included.

C. You can copy data for historical rate and amount overrides.

D. You can select which Consolidation dimension member to copy.

Correct Answer: C,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

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Oracle Financial Consolidation and Close 2023 Implementation Professional (1z0-1081-23) Free Practice Test