[2021] Oracle 1Z0-1081-20 Dumps PDF - Top Rated 1Z0-1081 2020 Exam Dumps For Learning

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

QUESTION & ANSWERS

https://www.oracledumpsfree.com/1Z0-1081-20-exam-dumps.html

QUESTION 1 Which statement is true regarding Data Management categories?

A. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab B. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

C. Application mapping is not required if the global mapping target category is exactly correct.

D. The category’s time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

Correct Answer: B

QUESTION 2 Which four sample ratios can be created during the application creation process? (Choose four.)

A. B. C. D. E. F.

Inventory Ratios Contribution Margin Debt Ratio Earnings per Share Days Sales in Receivables Gross Margin

Correct Answer: A,C,E,F

QUESTION 3 In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A. B. C. D.

Movement of FX impact for historical rate accounts to the FCCS_CTA account A variance in the Average rate and the Ending rate The current FCCS_CTA account balance does not change from the prior period The account is FCCS_Net Income

Correct Answer: C

QUESTION 4 What are two important first steps in initially setting up Close Manager? (Choose two.) https://www.oracledumpsfree.com/1Z0-1081-20-exam-dumps.html

A. B. C. D.

Create a schedule and set it to Open status.

Set up Users.

Assign tasks to users.

Define system settings such as Organization units, Holiday rules and Task attachment size.

Correct Answer: B,D

QUESTION 5 Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A. B. C. D.

FCCS_No Data Source FCCS_Data Input FCCS_SystemTypes FCCS_Proportion

Correct Answer: D

QUESTION 6 Which statement correctly describes what happens to parent entities during consolidation?

A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

B. The changes in the relational database are synced to the underlying Essbase cube.

C. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

Correct Answer: D

QUESTION 7 Which statement correctly describes the Consolidation dimension?

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

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

https://www.oracledumpsfree.com/1Z0-1081-20-exam-dumps.html

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

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

Correct Answer: C

QUESTION 8 Which explains why the Currency dimension does NOT display in your application?

A. B. C. D.

Security access to the Multi-GAAP dimension is required Multi-Currency option was not selected at application creation Entity-specific security rights were not properly granted Security has not been granted

Correct Answer: B

https://www.oracledumpsfree.com/1Z0-1081-20-exam-dumps.html