2022 1z0-1081-22 Premium Files Test pdf - Free Dumps Collection
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NEW QUESTION 27
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Suppress missing blocks
- B. Designing dynamic reports
- C. Report performance
- D. Expanded vs. single data segments
Answer: A
NEW QUESTION 28
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?
- A. First order relation
- B. First common parent
- C. Lowest common denominator
- D. Generation 0
Answer: B
NEW QUESTION 29
Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)
- A. A parent entity has a different currency from its parent.
- B. A base entity currency has a parent entity with a different default currency.
- C. A parent entity has the same default currency as its parent.
- D. A shared entity has a parent with a different currency.
- E. A base entity currency has a parent entity with a matching default currency.
Answer: A,B,D
NEW QUESTION 30
For data load rules in Data Management, which two statements are FALSE?
- A. If specified, the import format will be used; if not, then the location's format will be used.
- B. A job must first run to import the data file before the user can run the data load rule.
- C. Data load rules cannot be shared across locations.
- D. End users can upload a file when running a data load rule.
- E. Valid load types are Merge and Replace.
Answer: B,E
NEW QUESTION 31
Which three
are seeded data forms created during business process creation?
- A. Headcount
- B. Exchange Rate Multi-period
- C. Data Status
- D. Shares Outstanding
- E. Override Rates
Answer: B,C,E
NEW QUESTION 32
Which statement is true regarding Data Management categories?
- A. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
- B. Application mapping is not required if the global mapping target category is exactly correct.
- C. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
- D. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
Answer: A
NEW QUESTION 33
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Elimination Consolidation Dimension member
- B. Intercompany Accounts
- C. Intercompany Partners
- D. Intercompany Plug Accounts
Answer: C
Explanation:
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
NEW QUESTION 34
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
- A. Supplemental Data
- B. ERP r12
- C. Data Management
- D. ERP Cloud
Answer: A,C
NEW QUESTION 35
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)
- A. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
- B. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- C. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
- D. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
Answer: A,B
NEW QUESTION 36
Which statement is FALSE when enabling a Multi-GAAP application?
- A. Additional GAAP adjustment can be created.
- B. Two custom dimensions are available after enabling Multi-GAAP.
- C. The system automatically creates an FCCS_IFRS member.
- D. The Multi-GAAP dimension is optional.
Answer: B
NEW QUESTION 37
Which four items are active components of the Currency dimension? (Choose four.)
- A. Translated Currencies
- B. Reporting Currencies
- C. Entity Currency
- D. Parent Currency
- E. Entity Currency Adjustments
- F. Input Currencies
Answer: B,D,E,F
Explanation:
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.
NEW QUESTION 38
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 Close Manager task template to monitor all seven days, which day range should you define?
- A. Day 1 to Day 7
- B. Day -3 to Day 3
- C. Day -2 to Day 4
- D. Day -3 to Day 4
Answer: A
NEW QUESTION 39
Which two
are required fields when registering a source system in Data Management?
- A. Source System Type
- B. Cloud Type
- C. Name
- D. Drill Through URL
Answer: C,D
Explanation:
Reference:
registering_file-based_source_systems.html
NEW QUESTION 40
For which
scenario would an On-Demand rule be an appropriate solution?
- A. to perform a custom currency translation for a subset of accounts
- B. to add a column with a calculation to a report
- C. to allocate data to base entities prior to consolidation
- D. to copy data from one scenario to a different scenario
Answer: D
Explanation:
Copy data from one scenario to another one.
NEW QUESTION 41
When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?
- A. Any number of months can be selected
- B. 12-month only
- C. 12-month and 13-month
- D. 12-month, 13-month and a 14-month
Answer: C
NEW QUESTION 42
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks are repeatable over multiple close cycles
- B. when the tasks are often late in completion and they need to be monitored more closely
- C. when the tasks require consistent definition across close schedules
- D. when the tasks require multiple levels of approvers
Answer: A
Explanation:
A task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.D18912E1457D5D1DDCBD40AB3BF70D5D Reference:
cm_templates_managing.html
NEW QUESTION 43
What are
two important first steps in initially setting up Task Manager?
- A. Define system settings such as Organization units, Holiday rules and Task attachment size.
- B. Set up Users.
- C. Assign tasks to users.
- D. Create a schedule and set it to Open status.
Answer: A,B
Explanation:
Reference:
cm_close_process_overview.html
NEW QUESTION 44
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