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Oracle 1z0-1081-22 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q13-Q18):

NEW QUESTION # 13
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

• A. FCCS_Translation
• B. FCCS_Proportion
• C. FCCS_Contribution
• D. FCCS_Rate Override
• E. FCCS_Elimination
• F. FCCSAmountOverride

Answer: D,E
NEW QUESTION # 14
What is
the function of Source Mapping in Data Management?

• A. Define the close calendar periods.
• B. Map local dimension members to the application dimension members.
• C. Defined the input currency for each data source supplying data to the application.
• D. Manage source periods in relation to global periods.

Answer: C Explanation:
Data Management supports the ability to load data that is of a currency different from the default currency of the selected location. This option enables you to specify the location in the input line that specifies the currency for the related amount field.
NEW QUESTION # 15
Which three scenarios result in foreign currency translation during the default consolidation process?

• A. A base entity has a different default currency than its parent.
• B. A shared entity has a different default currency than its parent
• C. A parent entity has the same default currency as its parent.
• D. A base entity has the same default currency as its parent.
• E. A parent entity has a different default currency than its parent.

Answer: A,B,E
NEW QUESTION # 16
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

• A. Common Stock must have a Data Storage property set to Never Share.
• B. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
• C. The subsidiary must have a parent entity with a GBP currency.
• D. The subsidiary must have a balance not equal to zero in Common Stock.
• E. USD must be created as a reporting currency.

Answer: C,D
NEW QUESTION # 17
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

• A. Add custom members for Additions and Disposals as dependents of FCCSMvmtsCapitalExpenditures.
• B. Create a Roll Forward in the account dimension.
• C. Add custom Movement members to the FCCS_CashFlow hierarchy.
• D. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
• E. Load detailed Fixed Asset data to Movement members.

Answer: A,D,E
NEW QUESTION # 18
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