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Oracle 1z0-1081-20 Exam Practice Questions (P. 4)

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Question #16
The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing and reporting.
To define a Task Manager task template to monitor all seven days, which day range should you define?
  1. A
    Day ג€" 3 to Day 3
  2. B
    Day ג€" 2 to Day 4
  3. C
    Day 1 to Day 7
  4. D
    Day ג€" 3 to Day 4

Correct Answer:
C

Question #17
For which scenario would an On-Demand rule be an appropriate solution?
  1. A
    to perform a custom currency translation for a subset of accounts
  2. B
    to add a column with a calculation to a report
  3. C
    to copy data from one scenario to a different scenario
  4. D
    to allocate data to base entities prior to consolidation

Correct Answer:
C
Copy data from one scenario to another one.
Reference:
https://neonn.com/alwayson/demand-rules-hfm/

Question #18
Which two are required fields when registering a source system in Data Management?
  1. A
    Source System Type
  2. B
    Cloud Type
  3. C
    Drill Through URL
  4. D
    Name

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

Question #19
Which selection should you make to show the Intercompany account and matching account balances on the Intercompany Matching Report?
  1. A
    Intercompany Partners
  2. B
    Intercompany Accounts
  3. C
    Elimination Consolidation Dimension member
  4. D
    Intercompany Plug Accounts

Correct Answer:
A
Intercompany Partner (ICP) Matching reports list the intercompany transactions that are eliminated during consolidation. Intercompany transactions are managed across the Intercompany Partner dimension.
Reference:
https://docs.oracle.com/cd/E57185_01/HFMAG/ch09s02.html

Question #20
You are required to create a form that allows users to input data. Which three actions are consistent with this?
  1. A
    In the member selection for Entity, do not include shared entities, include only primary instances of entities.
  2. B
    Select level 0 dimension members for the POV, rows, and columns.
  3. C
    Set the currency on the form to Parent Currency.
  4. D
    Grant the data input users WRITE access to the dimension members used on the form.
  5. E
    Set the consolidation member on the form to FCCS_Entity Input.

Correct Answer:
BDE
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/form_design_considerations.html https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html

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