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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two statements are true about Enterprise Journals? (Choose two.)

A) Line items can only include entities that have been enabled for Enterprise Journals.
B) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
C) You cannot deploy Enterprise Journals to a period with Pending status.
D) You can assign a team as preparer or reviewer.

2. What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A) Entity Currency
B) Base Currency
C) Local Currency
D) Parent Currency

3. What can the Intercompany Dimension be enabled and made visible within your application?

A) during application creation and selecting the Intercompany Data feature option
B) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
C) during application creation and selecting the Multi-source Data Input of Other Data
D) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

4. In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A) when the tasks are often late in completion and they need to be monitored more closely
B) when the tasks are repeatable over multiple close cycles
C) when the tasks require consistent definition across close schedules
D) when the tasks require multiple levels of approvers

5. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Ending
B) FX Rates - Historical
C) FX Rates - Average
D) FX Rates - None
E) FX Rates - Opening

Solutions: