Latest [Sep 29, 2021] 1Z0-1081-20 Exam with Accurate Oracle Financial Consolidation and Close 2020 Implementation Essentials PDF Questions
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NEW QUESTION 63
By default, security access is set to "None" for which threedimensions? (Choose three.)
- A. Movement
- B. Data Source
- C. Account
- D. Entity
- E. Year
Answer: B,C,D
NEW QUESTION 64
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_No Data Source
- B. FCCS_Proportion
- C. FCCS_Data Input
- D. FCCS_SystemTypes
Answer: B
NEW QUESTION 65
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
- A. FCCS_Entity Consolidation
- B. FCCS_Parent Currency
- C. FCCS_Entity Total
- D. FCCS_Contribution
Answer: D
NEW QUESTION 66
You are required to create a form to allow users to input data. Which three actions or form components selected should accomplish this?
- A. Give data input users WRITE access to form dimension members
- B. Set access rights for data input users to the form
- C. Level 0 dimension members on POV, rows and columns
- D. Set the currency on the form to the reporting currency member USD_Reporting
Answer: A,B,C
NEW QUESTION 67
Which statement correctly describes the Consolidation dimension?
- A. The dimension uses a separate member to store data from an entity's descendants.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension aggregates input, consolidated, and elimination data together.
- D. The dimension allows users to see input versus journal adjustment data.
Answer: D
NEW QUESTION 68
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation ofequity accounts? (Choose two.)
- A. A journal entry to reverse the adjusted Common Stock balance withthe Data Source member FCCS_Journal Input.
- B. Data entry to the Common Stock account withthe Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
- D. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
Answer: A,B
NEW QUESTION 69
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
Answer: C
NEW QUESTION 70
When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?
- A. Any number of months can be selected
- B. 12-month only
- C. 12-month and 13-month
- D. 12-month, 13-month and a 14-month
Answer: C
NEW QUESTION 71
Which is true behavior of default FCCS_ members within an application?
- A. You can change the default FCCS_ member prefix at application creation.
- B. You can change the Name of these default FCCS_ members at any time.
- C. You cannot change the Alias of these default FCCS_ members.
- D. You can change the Alias of thesedefault FCCS_ members at any time.
Answer: B
NEW QUESTION 72
Which statement accurately describes alternate hierarchies?
- A. Contribution to parent members are similar
- B. Data must be enteredmultiple times for shared members
- C. Single entities having multiple parents
- D. Parent members having the same currency
Answer: C
NEW QUESTION 73
You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?
- A. Give data input users WRITE access to form dimension members
- B. Set access rights for data input users to the form
- C. Level 0 dimension members on POV, rows and columns
- D. Set the currency on the form to the reporting currency member USD_Reporting
Answer: A,B,C
NEW QUESTION 74
A company is based in the United Kingdom and has an application currency set to GBP. The companycollects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
- B. USD must be created as a reporting currency.
- C. The subsidiary must have a balance not equal to zero in Common Stock.
- D. Common Stock must have a Data Storage property set to Never Share.
- E. The subsidiary must have a parent entity with a GBP currency.
Answer: C,E
NEW QUESTION 75
Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?
- A. Load data to this account and create member formulas.
- B. Create member formulas.
- C. Enter data through a data form
- D. Load data to this account.
Answer: A
NEW QUESTION 76
When can the Intercompany Dimension be enabled and n=made visible within your application?
- A. during application creation and selecting Multi-source Data Input of Other Data
- B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- C. after application creation by selectingany Entity as IC_Entity_Yes for the Intercompany Entity attribute
- D. during application creation and selecting the Intercompany Data feature option
Answer: D
NEW QUESTION 77
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The new task will run outside of the schedule end date.
- B. The task will not run.
- C. An error, you can't add a new task past the due date.
- D. The schedule end date changes to match the end date of the task.
Answer: D
Explanation:
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.
NEW QUESTION 78
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