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Oracle 1z0-1081-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Assign security access to dimension members Describe valid and invalid intersection rules
Topic 2	Configure Opening and Closing Balance System Rules Explain Intercompany Entity Aggregation Options
Topic 3	Add and edit members using the Simplified Dimension Editor Set Up the Financial Consolidation and Close Business Process
Topic 4	Configure statutory consolidations using Ownership Management and Consolidation Methods Describe Period and Movement as Dense dimensions (DSO)
Topic 5	Create consolidation journals and consolidation journal templates Describe Financial Consolidation and Close features
Topic 6	Customize the translation process using translation rules and custom rate accounts Create consolidation adjustments with Configurable Consolidation Rules
Topic 7	Create custom consolidation calculations with Configurable Calculations and On Demand Rules Financial Consolidation and Close Overview
Topic 8	Explain approval groups and phased submissions Automate repetitive tasks using EPM Automate
Topic 9	Build Out Your Financial Consolidation and Close Solution Create journal, intercompany, and consolidation reports
Topic 10	Enter exchange rates and historical override rates and amounts Describe the Account, Entity, and Scenario dimensions
Topic 11	Configure the default translation method and default rate accounts Run the setup wizard for the FCC business process

Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q29-Q34):

NEW QUESTION # 29
Which two
are required fields when registering a source system in Data Management?

• A. Cloud Type
• B. Source System Type
• C. Name
• D. Drill Through URL

Answer: C,D Explanation:
Reference:
registeringfile-basedsource_systems.html
NEW QUESTION # 30
Which statement is true regarding Data Management categories?

• A. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
• B. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
• C. Application mapping is not required if the global mapping target category is exactly correct.
• D. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

Answer: A
NEW QUESTION # 31
A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?

• A. Close out of Excel, and relog in to Smart View.
• B. Activate the Connection.
• C. Change one of the Row or Column dimension members and click Refresh.
• D. Disconnect from the Smart View connection, and relog in.

Answer: C
NEW QUESTION # 32
By default, security access is set to "None" for which three dimensions? (Choose three.)

• A. Year
• B. Data Source
• C. Entity
• D. Movement
• E. Account

Answer: B,C,E
NEW QUESTION # 33
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

• A. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
• B. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
• C. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
• D. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

Answer: A
NEW QUESTION # 34
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