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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Journal
B) Consolidation
C) Intercompany
D) Financial

2. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) There is no reason to consolidate years sequentially.
B) Each period in the year must consolidate separately.
C) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
D) Parent account calculations depend on the sequencing.

3. 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 can assign a team as preparer or reviewer.
D) You cannot deploy Enterprise Journals to a period with Pending status.

4. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to view data in the parent currency.
B) The dimension contains members to store non-controlling interest and joint venture data.
C) The dimension uses a separate member for data from an entity's level-zero descendants.
D) The dimension allows users to see input versus journal adjustment data.

5. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Ending Rate
B) Average Rate
C) Opening Rate
D) Local Rate

Solutions: