Updated Jan 19, 2022 Test Engine to Practice Test for 1Z0-1081-20 Valid and Updated Dumps
Exam Questions for 1Z0-1081-20 Updated Versions With Test Engine
NEW QUESTION 40
Which two statements are true of the roll forward calculation in the Movement dimension?
- A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- B. Values for Opening Balance are retrieved from the prior period Closing Balance.
- C. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Answer: B,D
Explanation:
If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.
Opening balance is calculated from the prior period's Closing Balance.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html
NEW QUESTION 41
Which statement is true regarding shared members and valid intersection rules?
- A. Shared members are not supported in valid intersection rules
- B. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
- C. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
- D. Shared members are supported in valid intersection rules
Answer: A,B
Explanation:
Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule.
Reference:
admin_valid_intersections_shared_members_and_rules_102x58c8d618.html
NEW QUESTION 42
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
- A. Local Currency
- B. Base Currency
- C. Parent Currency
- D. Entity Currency
Answer: D
Explanation:
Explanation
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input(Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.
NEW QUESTION 43
Whichstatement is FALSE when setting up Shared Entities?
- A. When data is posted to one shared entity, the data is posted to all instances.
- B. You build an alternate hierarchy by using partial share Entity members.
- C. The calculation status will not change in all instances when data is changed in one instance.
- D. The Data Storage Member Property must set to "Dynamic Calc".
Answer: D
NEW QUESTION 44
Which statement is correct regardingintercompany eliminations?
- A. Intercompany eliminations are generally required to remove the effect of transactions within the company.
- B. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
- C. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- D. Intercompany eliminations are needed when a company divests itself of a division.
Answer: A
NEW QUESTION 45
What member of the Currency dimension should be used during data entry for historical override amounts?
- A. Reporting Currencies
- B. Input Currencies
- C. Entity Currency
- D. ParentCurrency
Answer: A
NEW QUESTION 46
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Tasks, then Metadata, and then Import
- B. by selecting Dimension, then Import, and then Metadata
- C. by selecting Application, then Overview, then Dimensions, and then Import
- D. by selecting Application, then Overview, then Dimensions, and then Export
Answer: C
NEW QUESTION 47
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 ofequity accounts? (Choose two.)
- A. 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.
- B. Data entry to the Common Stock account withthe 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 reverse the adjusted Common Stock balance withthe Data Source member FCCS_Journal Input.
Answer: B,D
NEW QUESTION 48
Which statement correctly describes the Consolidation dimension?
- A. The dimension allows users to see input versus journal adjustment data.
- B. The dimension aggregates input, consolidated, and elimination data together.
- C. The dimension contains members to store non-controlling interest and joint venture data.
- D. The dimension uses a separate member to store data from an entity's descendants.
Answer: A
NEW QUESTION 49
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- A. Year, Scenario, Base Entity and Account
- B. Scenario, View, Parent Entity and Account
- C. Scenario, Account, Base Entity and Parent Entity
- D. Period, Scenario, Base Entity and Parent Entity
Answer: D
NEW QUESTION 50
Which two statements are correct with regard to Data Management locations? (Choose two.)
- A. Locations must specify an import format, which may be used by other locations.
- B. Locations can share dimension member mappings by specifying a location as a parent location of others.
- C. Thelogic account group is required in order to effect running of calculations after the data load.
- D. Data load rules can be shared across locations.
- E. A company with three instances of Oracle EBS R12 should only use one location to maintainproper accounting controls.
- F. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
Answer: A,B
NEW QUESTION 51
What information is included in the data extract export file delimited format?
- A. the data load cube name
- B. the domain and application name
- C. the application name
- D. the ID of the user performing the extract
Answer: D
NEW QUESTION 52
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. End users can upload a file when running a data load rule.
- C. Valid load types are Merge and Replace.
- D. A job must first run to import the data file before the user can run the data load rule.
- E. Dataload rules cannot be shared across locations.
Answer: C,D
NEW QUESTION 53 
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
- A. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
- B. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
- C. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
- D. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
Answer: D
NEW QUESTION 54
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Tasks, then Metadata, and then Import
- B. by selecting Application, then Overview, then Dimensions, and then Import
- C. by selecting Application, then Overview, then Dimensions, and then Export
- D. by selecting Dimension, then Import, and then Metadata
Answer: D
NEW QUESTION 55
Which four sample ratios can be selected during business process creation?
- A. Inventory Ratios
- B. Contribution Margin
- C. Debt Ratio
- D. Days Sales in Receivables
- E. Gross Margin
- F. Earnings per Share
Answer: B,D,E,F
NEW QUESTION 56
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. Dynamic Calc and Store
- C. No Rate
- D. Dynamic
- E. Never Share
Answer: A
NEW QUESTION 57
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
- A. enables the Elimination member in the Consolidation dimension
- B. enables the application to include Intercompany data.
- C. process will separate total eliminationvalues by Data Source.
- D. enables the application to perform Intercompany eliminations
Answer: C
NEW QUESTION 58
By default, security access is set to "None" for which threedimensions? (Choose three.)
- A. Account
- B. Year
- C. Movement
- D. Entity
- E. Data Source
Answer: A,D,E
NEW QUESTION 59
Which statement correctly describes when a consolidation can occur within a given year/scenario?
- A. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- B. A user has a power user access but only write access to the entity.
- C. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- D. The current period consolidation status is Impacted and the remaining periods are OK.
- E. An administrator runs Force Consolidate to force the consolidation of all entities regardless ofstatus or content.
Answer: D
NEW QUESTION 60
Which three fields must be defined when registering a file-based source system in Data Management?
(Choose three.)
- A. DrillURL
- B. Name
- C. Cloud Type
- D. Source Type
- E. Description
Answer: B,D,E
NEW QUESTION 61
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
- A. FCCS_Entity Total
- B. FCCS_Contribution
- C. FCCS_Entity Consolidation
- D. FCCS_Parent Currency
Answer: B
NEW QUESTION 62
......
1Z0-1081-20 Exam Dumps - Free Demo & 365 Day Updates: https://www.crampdf.com/1Z0-1081-20-exam-prep-dumps.html