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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

A) The changes in the relational database are synced to the underlying Essbase cube.
B) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
C) 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
D) 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.

2. Which statement is true of journals created from Recurring templates?

A) The line items in journals created from Recurring templates are read only.
B) Journals for recurring templates are created automatically when you open a period for journals.
C) The initial status of journals created from Recurring templates is Approved.
D) The initial status of journals created from Recurring templates is Posted.

3. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Period
B) Year
C) Data Source (Entity)
D) Account
E) Scenario

4. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Earnings per Share
B) Days Sales in Receivables
C) Contribution Margin
D) Debt Ratio
E) Inventory Ratios
F) Gross Margin

5. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Tile
B) Line
C) Bar
D) Gauge

Solutions: