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Home Oracle 1z0-1081-20

Oracle 1z0-1081-20 Exam Practice Questions (P. 5)

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Question #21
A company based in the United Kingdom has their currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at a historical rate in the GBP reporting currency?
  1. A
    Rate data for Common Stock must be loaded or entered in the Override Rates form.
  2. B
    Common Stock must have an Exchange Rate Type set to Historical Rate Override.
  3. C
    Common Stock must have a Data Storage property set to Never Share.
  4. D
    USD must be created as a reporting currency.
  5. E
    The subsidiary must have a parent entity with a GBP currency.

Correct Answer:
AE

Question #22
How do you enable multiple currencies within a Financial Consolidation and Close business process?
  1. A
    In the metadata editor, in the properties tab for the Currency dimension, select Enabled.
  2. B
    During application creation, select the Multicurrency option of Yes.
  3. C
    Enable a dimension for Currency after application creation via a metadata load.
  4. D
    In the metadata editor, enter a currency in the Entity Currency field for each entity.

Correct Answer:
C
Enable a dimension for Currency after application creation via a Metadata load.
Reference:
https://alexandertechniqueworkshops.com/5dmqxf1u/55aba3-fccs-currency-dimension

Question #23
Which three tasks are supported by Data Management?
  1. A
    loading data from a fixed width or delimited text file
  2. B
    writing back data to source systems
  3. C
    loading data that is period-to-date or year-to-date
  4. D
    loading a Metadata Import File
  5. E
    drilling through from a web form or Smart View

Correct Answer:
ABE
fixed width file or a delimited file,
In Data Management, write-back functionality is available.
Reference:
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/integrate_file_104xd8fa487f.html https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/write-back.html https://docs.oracle.com/applications/smartview/810/UGSUG/drill_through_procedure_102xd6eca4c6.htm#UGSUG-GUID-C221538B-5352-4742-A1A1-
18F16CE4D099

Question #24
Which four items are included in the Currency dimension?
  1. A
    Journal Input Currencies
  2. B
    Input Currencies
  3. C
    Entity Currency
  4. D
    Reporting Currencies
  5. E
    Parent Currency
  6. F
    Translated Currencies

Correct Answer:
ABCF
You can create journals using the Entity Currency of the Currency dimension as well as Input Currencies for both Entity Input and Translated Currency Input.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/usfcc/creating_journals.html

Question #25
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of
Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
  1. A
    translation of Company XYZ to Parent Currency
  2. B
    A consolidation of Company 123
  3. C
    A consolidation of Company XYZ
  4. D
    A translation to the USD_Reporting currency member for Company IOU

Correct Answer:
A

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