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Oracle 1Z0-1081-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Create journal, intercompany, and consolidation reports Set Up the Financial Consolidation and Close Business Process
Topic 2	Configure system setting profiles, set up source systems, register target applications Financial Consolidation and Close Overview
Topic 3	Integrate Data from Source Systems Using Data Management Enter exchange rates and historical override rates and amounts
Topic 4	Create consolidation adjustments with Configurable Consolidation Rules Describe Financial Consolidation and Close features
Topic 5	Create custom consolidation calculations with Configurable Calculations and On Demand Rules Create member mappings and define data load rules
Topic 6	Add and edit members using the Simplified Dimension Editor Add users and assign security roles
Topic 7	Configure statutory consolidations using Ownership Management and Consolidation Methods Describe the Account, Entity, and Scenario dimensions
Topic 8	Build Out Your Financial Consolidation and Close Solution Explain the consolidation process (translate, eliminate, consolidate) and closing balance calculation
Topic 9	Create import formats, locations, period mappings, and category mappings Run the setup wizard for the FCC business process

NO.60 In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
Response:

Movement of FX impact for historical rate accounts to the FCCS_CTA account

The current FCCS_CTA account balance does not change from the prior period

A variance in the Average rate and the Ending rate

The account is FCCS_Net Income

NO.61 How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
Response:

Enable a dimension for Currency after application creation via a Metadata load.

During application creation, select the Multicurrency option of “No” and insert additional currencies within the Currency dimension.

During application creation, select the Multicurrency option of “Yes”.

Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

NO.62 A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle’s Financial Consolidation and Close Cloud Service satisfy?
(Choose two.)
Response:

robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint

dashboard reporting with daily revenue comparisons and KPI’s that measure cost controls

leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness

a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

provide the ability to collaborate during close and analyse transaction detail in real time

NO.63

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?
Response:

Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany

Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany

Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1

NO.64 Which statement correctly describes the Consolidation dimension?

The dimension contains members to store non-controlling interest and joint venture data.

The dimension uses a separate member to storedata from an entity’s descendants.

The dimension allows users to see input versus journal adjustment data.

The dimension aggregates input, consolidated, and elimination data together.

NO.65 Which three scenarios result in foreign currency translation during the default consolidation process?
(Choose three.)
Response:

A base entity currency has a parent entity with a matching default currency.

A base entity currency has a parent entity with a different default currency

A parent entity has the same default currency as its parent.

A parent entity has a different currency from its parent.

A shared entity has a parent with a different currency.

NO.66 Whencreating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE ‘CAR_%’ THEN ‘AUTO_SALES’
ELSE ‘SALES’
Which statement is True?

The script can be eliminated byusing a multi-dim map on the Product dimension that also looks for the account Sales.

The script will work if the script is referenced in the In mapping type with #SQL as the target.

The script will not work since Data Management does not support scripting.

The script will not work since the UD5 member referenced does not start with FCCS_

The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.

NO.67 For data load rules in Data Management, which two statements are FALSE?
Response:

If specified, the import format will be used; if not, then the location’s format will be used.

A job must first run to import the data file before the user can run the data load rule.

End users can upload a file when running a data load rule.

Data load rules cannot be shared across locations.

Valid load types are Merge and Replace.

NO.68 How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

by selecting Application, then Overview,then Dimensions, and then Export

by selecting Dimension, then Import, and then Metadata

by selecting Application, then Overview, then Dimensions, and then Import

by selecting Tasks, then Metadata, and then Import

NO.69 P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
Response:

There is no way to do a prior period entry like this.

January and February should be consolidated.

February should be consolidated, after which the cash at AceCo is now 65.

January should be consolidated for the change and nothing needs to happen for February.

NO.70 What is the correct Currency dimension member to select when running an Intercompany Matching Report?

Input Currency

Reporting Currency

Entity Currency

Parent Currency

NO.71 Which three are seeded data forms created during business process creation?

Exchange Rate Multi-period

Override Rates

Shares Outstanding

Data Status

Headcount

NO.72 Which four sample ratios can be selected during business process creation?
Response:

Earnings per Share

Debt Ratio

Gross Margin

Contribution Margin

Inventory Ratios

Days Sales in Receivables

NO.73 Which selection should you make to show the Intercompany account and matching account balances on the Intercompany Matching Report?
Response:

Intercompany Partners

Intercompany Accounts

Elimination Consolidation Dimension member

Intercompany Plug Accounts

NO.74 What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

enables the Elimination member in the Consolidation dimension

process will separate total elimination values by Data Source.

enables the application to include Intercompany data.

enables the application to perform Intercompany eliminations

NO.75

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?

Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_NoIntercompany

Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1

Entity P_2,Consolidation FCCS_Contribution, Intercompany H_1

NO.76 Once metadata is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?
Response:

Impacted

Need Translate

System Changed (SC)

NO.77 What information is included in the data extract export file delimited format?
Response:

the ID of the user performing the extract

the domain and application name

the data load cube name

the application name

NO.78 How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

Drill-back to SDM is not an available feature.

Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

By selecting Track Multi-source Data Input option for Supplemental Data during the applicationcreation process.

By selecting Track Multi-source Data Input option for Other Data during the application creation process.

NO.79 Which item describes the use for the Currency dimension property Triangulation Currency?
Response:

The ability to report in multiple currencies

The ability to force translations

The ability to input foreign exchange rates

The ability to calculate CTA (Cumulative Translation Adjustment)

The ability to calculate foreign exchange rates

NO.80 Which two data extract export file types are available within Financial Consolidation and Close (FCCS)?
(Choose two.)
Response:

DAT file type

Excel XLS file type

Comma delimited

Tab delimited

NO.81

PQR Company has theownership 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?

First common parent

Generation 0

First order relation

Lowest common denominator

NO.82 When defining a batch in Data Management, which statement is True?
Response:

Batches can execute data loads for multiple locations.

Batches can import from source or export to target, but not both.

Each data load rule must specify the period or the batch will default to the POV period.

A batch replaces the need for data load rules.

A batch can load to multiple plan types.

NO.83 Which two statements are true regarding the Copy Data function?

You can copy data for historical rate and amount overrides.

You cannot select which Account members to copy.

You can select which Consolidation dimension member to copy.

When you select the Regular Data option, journals data is included.

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