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Home Oracle 1z0-1081-20

Oracle 1z0-1081-20 Exam Practice Questions (P. 1)

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Question #1
For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?
  1. A
    Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
  2. B
    Select the Consolidation template when setting up the Approval Unit hierarchy.
  3. C
    Delete the default Approval Unit hierarchy.
  4. D
    Select as owners only users with the Service Administrator or Power User security role.

Correct Answer:
B
To lock or unlock an entity, you must create an approval unit hierarchy containing the entities you want to lock. By default, Financial Consolidation and Close provides an approval unit named "Total Geography".
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/locking_and_unlocking_entities.html

Question #2
What is the function of Source Mapping in Data Management?
  1. A
    Map local dimension members to the application dimension members.
  2. B
    Manage source periods in relation to global periods.
  3. C
    Defined the input currency for each data source supplying data to the application.
  4. D
    Define the close calendar periods.

Correct Answer:
C
Data Management supports the ability to load data that is of a currency different from the default currency of the selected location. This option enables you to specify the location in the input line that specifies the currency for the related amount field.
Reference:
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/GUID-F8001C5A-A922-43C7-A0C6-4025F1EB7BDF.pdf

Question #3
If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
  1. A
    The FCCS_No Intercompany member of the ICP dimension is used for all data.
  2. B
    The ICP dimension is omitted.
  3. C
    An extra custom dimension is available.
  4. D
    Data can be stored by intercompany partner but no eliminations will occur.

Correct Answer:
A
Reference:
https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/admin_dimensions_intercompany_124x5ae77515.html

Question #4
For which three dimensions is security enabled by default?
  1. A
    Data Source
  2. B
    Entity
  3. C
    Consolidation
  4. D
    Scenario
  5. E
    Account

Correct Answer:
BDE
By default, the Account, Entity, Scenario, and Data Source dimensions.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/dimension_security.html

Question #5
A company has two subsidiaries with 1000 EURO each in the Cash account.
If the consolidation percentage is 100%, which four Consolidation members will reflect 2000 EURO at the company's balance?
  1. A
    FCCS_Contribution
  2. B
    FCCS_Entity Total
  3. C
    FCCS_Proportion
  4. D
    FCCS_Elimination
  5. E
    FCCS_Entity Consolidation
  6. F
    FCCS_Entity Input

Correct Answer:
ACEF
Reference:
https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/admin_dimensions_consolidate_100x5ad83cd9.html

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