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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement about Opening Balance Override rules is true?

A) They are available only if Intercompany Data with Tracking is enabled for the business process.
B) Opening Balance Override rules execute for the first period in the year only.
C) You can select which accounts to include in the rule scope.
D) You can select which entities to include in the rule scope.

2. Which statement correctly describes what happens to parent entities during consolidation?

A) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
B) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) The changes in the relational database are synced to the underlying Essbase cube.

3. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Entity
B) Data Source
C) Scenario
D) Year
E) Consolidation
F) Period

4. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Import journals
B) Export metadata
C) Load a data file
D) Run a business rule

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

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

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