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Home Oracle 1z0-1081-23

Oracle 1z0-1081-23 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 template when setting up the Approval Unit hierarchy.
  2. B
    Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
  3. C
    Select users with the Service Administrator security role.
  4. D
    Delete the default Approval Unit hierarchy.

Correct Answer:
B

Question #2
How do you navigate if you want to export a form to a Snapshot file?
  1. A
    From the Home page, select Tools, and then Clone Snapshot.
  2. B
    Open the form, select Actions, and then Export.
  3. C
    From the Home page, select Tools, and then Migration.
  4. D
    From the Navigator menu, select Forms.

Correct Answer:
B

Question #3
Which statement is FALSE about running consolidations?
  1. A
    When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
  2. B
    When you consolidate a parent, children with the Impacted calculation status are also consolidated.
  3. C
    When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
  4. D
    Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

Correct Answer:
C

Question #4
Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
  1. A
    The child entity is NOT a shared entity.
  2. B
    The default currency of the child is different from the default currency of the parent.
  3. C
    Reporting currencies have been defined in the Currency dimension.
  4. D
    To specify exchange rates, you must set up multiple currencies when creating an application.

Correct Answer:
BC

Question #5
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?
  1. A
    Journal
  2. B
    Financial
  3. C
    Intercompany
  4. D
    Consolidation

Correct Answer:
D

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