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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which two statements are true about the Multi-GAAP feature? (Choose two.)

A. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
B. Select this option if you need to report your financial statements only in IFRS.
C. You must specify a prefix for entities that use the alternate gap standard.
D. Enabling Multi-GAAP reduces the number of custom dimensions you can have.

Question 2

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A. The default currency of the child is different from the default currency of the parent.
B. The child entity is NOT a shared entity.
C. Reporting currencies have been defined in the Currency dimension.
D. To specify exchange rates you must set up multiple currencies when creating an application.

Question 3

Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A. Write
B. Comment
C. None
D. Read

Question 4

Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A. Enter data through a data form.
B. Create member formulas.
C. Load data to this account.
D. Load data to this account and create member formulas.

Question 5

Which statement is true about an approval process with the Phase Dependency option enabled?

A. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
B. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
C. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

Solutions: