Oracle 1Z0-1081-20 Exam Syllabus and Exam Questions

ORACLE 1Z0-1081-20 EXAM SYLLABUS AND EXAM QUESTIONS 1Z0-1081-20 Abstract

Get complete detail on 1Z0-1081-20 exam guide to crack Oracle Financial Consolidation and Close 2020 Implementation Essentials. You can collect all information on 1Z0-1081-20 tutorial, practice test, books, study material, exam questions, and syllabus. Firm your knowledge on Oracle Financial Consolidation and Close 2020 Implementation Essentials and get ready to crack 1Z0-1081-20 certification. Explore all information on 1Z0-1081-20 exam with number of questions, passing percentage and time duration to complete test.

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How to Prepare for 1Z0-1081-20 Exam on Oracle Financial Consolidation and Close 2020 Implementation Essentials Certification?

Oracle Financial Consolidation and Close 2020 Implementation Essentials (1Z0-1081-20) preparation guide helps you to get focused on the exam. This guide also helps you to be on the 1Z0-1081-20 exam track to get certified with a good score in the final exam.

1Z0-1081-20 Oracle Financial Consolidation and Close 2020 Implementation Essentials Exam Summary Exam Name

Oracle Financial Consolidation and Close 2020 Implementation Essentials

1Z0-1081-20: Oracle Financial Consolidation and Close 2020 Implementation Essentials

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Exam Code

1Z0-1081-20

Exam Product Version

Oracle Financial Consolidation and Close 20A

Exam Price

USD $245 (Pricing may vary by country or by localized currency)

Duration

85 minutes

Number of Questions

60

Passing Score

66%

Format

Multiple Choice Questions (MCQ)

Recommended Training

Oracle EPM Cloud Learning Subscription

Schedule Exam

Pearson VUE

Sample Questions

Oracle Financial Consolidation and Close 2020 Certified Implementation Specialist (OCS)

Recommended Practice

1Z0-1081-20 Online Practice Exam

Exam Syllabus: 1Z0-1081-20 Oracle Financial Consolidation and Close 2020 Implementation Essentials 1Z0-1081-20: Oracle Financial Consolidation and Close 2020 Implementation Essentials

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Subjects

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Sub Topics

Financial Consolidation and - Identify deployment use cases Close Overview - Describe Financial Consolidation and Close features Manage Dimensions - Describe the system dimensions - Describe the restrictions for modifying seeded members - Describe the member properties for the Account, Entity, and Scenario dimensions - Add and edit members using the Simplified Dimension Editor - Import members from a file - Create alternate hierarchies - Add currencies to the Currency dimension - Add members to the Movement dimension and cash flow hierarchy - Assign security access to dimension members Set Up and Run - Explain the consolidation process (translate, eliminate.

Consolidations consolidate) - Explain the Closing Balance calculation in the Movement dimension - Enter exchange rates and historical override rates and anounts - Configure the default translation method and default rate accounts - Explain the calculation statuses for entities - View calculation status - Run consolidation - Translate data to reporting currencies Build Out Your Financial - Describe valid intersection rules Consolidation and Close - Create data forms Solution - Create journals and journal templates - Explain the approval process for entities - Set up the approval process - Manage the close process using Task Manager - Manage data collection using Supplemental Data - Define custom navigation flows - Automate repetitive tasks using EPM Automate Design Reports - Create journal reports - Create intercompany reports - Create consolidation reports - Design financial reports in Financial Reporting Studio

1Z0-1081-20: Oracle Financial Consolidation and Close 2020 Implementation Essentials

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Set Up the Financial Consolidation and Close Business Process

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- Describe the FCC setup options - Describe Extended Dimensionality - Run the setup wizard for the FCC business process - Describe the FCC security roles - Add users and assign security roles

Integrate Data from Source - Describe the use cases for Data Management Systems Using Data - Configure system setting profiles, set up source systems, register Management target applications - Create import formats, locations, period mappings, and category mappings - Create member mappings and define data load rules - Run data loads Set Up Advanced - Customize the translation process using translation rules and Consolidations custom rate accounts - Create custom consolidation calculations with Configurable Calculations and On Demand Rules - Configure statutory consolidations using Ownership Management and Consolidation Methods - Create consolidation adjustments with Configurable Consolidation rules - Create equity pickup adjustments using the Equity Pickup feature Managing Business Process - Import and export data Data - Copy and clear data - Audit changes to the application and data - Back up and migrate data and metadata using Lifecycle Management

Oracle 1Z0-1081-20 Certification Sample Questions and Answers To make you familiar with Oracle Financial Consolidation and Close 2020 Implementation Essentials (1Z0-1081-20) certification exam structure, we have prepared this sample question set. We suggest you to try our Sample Questions for Oracle OCS 1Z0-1081-20 Certification to test your understanding of Oracle 1Z0-1081-20 process with the real Oracle certification exam environment.

1Z0-1081-20: Oracle Financial Consolidation and Close 2020 Implementation Essentials

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1Z0-1081-20 Oracle Financial Consolidation and Close 2020 Implementation Essentials Sample Questions 10. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs? a) The alias of the associated Intercompany member is automatically updated. b) The associated Intercompany member must be manually removed. c) The associated Intercompany member is automatically removed. d) The alias of the associated Intercompany member must be manually changed.

01. On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features? a) the third Friday of each month to apply to both TEST and PROD simultaneously b) the first and third Monday of each month; first Monday for TEST and third Monday for PROD c) the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD d) the first and third Friday of each month; first Friday for TEST and third Friday for PROD 09. By default, security access is set to "None" for which three dimensions?

(Choose three.) a) Movement b) Data Source c) Account d) Entity e) Year 02. When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made? a) 12-month, 13-month and a 14-month b) 12-month and 13-month c) 12-month only d) Any number of months can be selected 08. When designing a report in Financial Reporting Studio, which item is NOT an insertable report object? a) Chart b) Grid c) Image d) Header

1Z0-1081-20: Oracle Financial Consolidation and Close 2020 Implementation Essentials

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03. Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination? a) Consolidation, Currency, Account b) Currency, Account, Movement c) Entity, Consolidation, Currency d) Entity, Currency, Account 07. To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required? a) Metadata Administrator b) Metadata Supervisor c) System Administrator d) Power User 04. What is the primary function of enabling the Track Intercompany Elimination option during the application creation? a) enables the application to perform Intercompany eliminations b) enables the application to include Intercompany data. c) process will separate total elimination values by Data Source. d) enables the Elimination member in the Consolidation dimension.

06. How can Metadata be imported into any Financial Consolidation and Close (FCCS) application? a) by selecting Application, then Overview, then Dimensions, and then Export b) by selecting Dimension, then Import, and then Metadata c) by selecting Application, then Overview, then Dimensions, and then Import d) by selecting Tasks, then Metadata, and then Import 05. For which three tasks can Data Management be used?

(Choose three.) a) loading data that is period-to-date or year-to-date b) drilling through from a web form or Smart View c) loading data from a fixed width or delimited text file d) writing back data to source systems e) loading a Metadata Import File Solution: QUESTION: 01

QUESTION: 02

QUESTION: 03

QUESTION: 04

QUESTION: 05

Answer: a

Answer: d

Answer: b, c, d

Answer: a

Answer: d

1Z0-1081-20: Oracle Financial Consolidation and Close 2020 Implementation Essentials

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QUESTION: 06

QUESTION: 07

QUESTION: 08

QUESTION: 09

QUESTION: 10

Answer: b

Answer: a

Answer: c

Answer: b

Answer: b, c, d

How to Register for 1Z0-1081-20 Oracle Financial Consolidation and Close 2020 Implementation Essentials Exam? ●

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1Z0-1081-20 Oracle Financial Consolidation and Close 2020 Implementation Essentials Oracle OCS

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