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Home Oracle 1z0-1081-20

Oracle 1z0-1081-20 Exam Practice Questions (P. 2)

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Question #6
Which statement is FALSE when Intercompany Data is enabled?
  1. A
    The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
  2. B
    Tracking intercompany eliminations is optional.
  3. C
    In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
  4. D
    Intercompany accounts are assigned plug accounts.

Correct Answer:
C
Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.
Reference:
https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/admin_tax_automation_intercompany_eliminations_100x084ae29f.html

Question #7
Which statement about the Equity Pickup feature is FALSE?
  1. A
    Seeded rule-sets are provided for Equity Pickup.
  2. B
    Equity Pickup rules run as part of the consolidation process.
  3. C
    Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
  4. D
    Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.

Correct Answer:
B

Question #8
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
  1. A
    An error, you cannot add a new task past the due date.
  2. B
    The task will not run.
  3. C
    The new task will run outside of the schedule end date.
  4. D
    The schedule end date changes to match the end date of the task.

Correct Answer:
D
When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.
Reference:
https://support.microsoft.com/en-us/office/how-project-schedules-tasks-behind-the-scenes-df3431ab-8d8a-4047-afc6-a87b547dbac0

Question #9
Which four sample ratios can be selected during business process creation?
  1. A
    Inventory Ratios
  2. B
    Gross Margin
  3. C
    Contribution Margin
  4. D
    Earnings per Share
  5. E
    Debt Ratio
  6. F
    Days Sales in Receivables

Correct Answer:
BCDF

Question #10
Which three combinations of dimensions could be valid for a Financial Consolidation and Close business process?
  1. A
    Multi-GAAP, Data Type, Intra-company
  2. B
    Data Source, Consolidation, View
  3. C
    Period, Year, Entity
  4. D
    Currency, Movement, Scenario
  5. E
    Value, Entity, Account

Correct Answer:
BCD
Reference:
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/fccs_supported_dimensions_104x1e19a4b9.html

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