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Oracle 1z0-1081-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Create custom consolidation calculations with Configurable Calculations and On Demand Rules Financial Consolidation and Close Overview
Topic 2	Assign approval groups to an approval unit hierarchy Add members to the Currency and Movement dimensions
Topic 3	Customize the translation process using translation rules and custom rate accounts Create consolidation adjustments with Configurable Consolidation Rules
Topic 4	Assign security access to dimension members Describe valid and invalid intersection rules
Topic 5	Build Out Your Financial Consolidation and Close Solution Create journal, intercompany, and consolidation reports
Topic 6	Configure Opening and Closing Balance System Rules Explain Intercompany Entity Aggregation Options
Topic 7	Add and edit members using the Simplified Dimension Editor Set Up the Financial Consolidation and Close Business Process
Topic 8	Enter exchange rates and historical override rates and amounts Describe the Account, Entity, and Scenario dimensions

Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q23-Q28):

NEW QUESTION # 23
Which two
statements are true about Cash Flow in the Movement dimension?

• A. The seeded level 0 members under FCCSMvmtsSubtotal are shared members in the FCCS_CashFlow hierarcy.
• B. You can add shared members to the FCCS_CashChange hierarchy.
• C. The FCCSMvmtsAccountsPayable member is under FCCSCashFlowNetAssets in the FCCS_CashFlow hierarchy.
• D. When you add a level 0 member to FCCSMvmtsSubtotal, it is automatically added as a shared member to the FCCS_CashFlow hierarchy.

Answer: A,D
NEW QUESTION # 24
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

• A. Submit data
• B. Run a rule such as Consolidate or Translate
• C. Retrieve data
• D. Adjust data with Journals

Answer: A,B,C
NEW QUESTION # 25
Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

• A. OK
• B. System Changed (SC)
• C. Need Translate
• D. Impacted

Answer: B Explanation:
The entity's calculation status must be OK, No Data, or System Change. You cannot lock an entity with Impacted calculation status.
Reference:
lockingandunlocking_entities.html
NEW QUESTION # 26
What is the correct Currency dimension member to select when running an Intercompany Matching Report?

• A. Reporting Currency
• B. Entity Currency
• C. Parent Currency
• D. Input Currency

Answer: A Explanation:
Currency (Must be a Reporting Currency)
Reference:
settingupintercompanymatchingreports.html
NEW QUESTION # 27
For which three levels can Profiles be set in Data Management?

• A. Source System
• B. System
• C. Category
• D. User
• E. Application

Answer: B,D,E
NEW QUESTION # 28
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