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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. 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.

2. 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.

3. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Intercompany Entity
B) Plug Account
C) Is Plug Account
D) Intercompany Account

4. Which three dimensions can be included in an approval group? (Choose three.)

A) Scenario
B) Movement
C) Account
D) Multi-GAAP
E) Entity

5. Which statement correctly describes the Consolidation dimension?

A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension allows users to view data in the parent currency.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension uses a separate member for data from an entity's level-zero descendants.

Solutions: