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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Reporting and Analysis- Financial reporting
  • 1. Smart View reporting integration
    • 2. Financial reports and dashboards
      Intercompany Processing- Intercompany transactions
      • 1. Matching and elimination
        • 2. Reconciliation processes
          Consolidation Process- Financial consolidation activities
          • 1. Ownership and consolidation methods
            • 2. Elimination rules and processing
              • 3. Currency translation
                Close Process Management- Period close activities
                • 1. Validation and review procedures
                  • 2. Close process automation
                    Rules and Automation- Business rules and calculation logic
                    • 1. Rule development and validation
                      • 2. Automated consolidation scripts
                        Data Integration- Data loading and management
                        • 1. Importing and validating data
                          • 2. Data Management / Data Integration workflows
                            Application Configuration- FCCS application setup and configuration
                            • 1. Creating and configuring applications
                              • 2. Setting up dimensions (Account, Entity, Scenario, Time, View)
                                Journals and Adjustments- Journal management
                                • 1. Adjustment entries and validations
                                  • 2. Creating and posting journals
                                    Security and Access- User and role management
                                    • 1. Access permissions and data restrictions
                                      • 2. Security configuration

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        PQR Company has the ownership structure shown above.
                                        If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

                                        • A. First common parent
                                        • B. Generation 0
                                        • C. Lowest common denominator
                                        • D. First order relation
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

                                        For which
                                        three dimensions is security enabled by default?

                                        • A. Data Source
                                        • B. Scenario
                                        • C. Consolidation
                                        • D. Account
                                        • E. Entity
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,D,E  🗳️

                                        Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                        Which statement is FALSE about when Intercompany Data is enabled?

                                        • A. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
                                        • B. Tracking intercompany eliminations is optional.
                                        • C. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
                                        • D. Intercompany accounts are assigned plug accounts.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                        You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
                                        Which type of report can you run to accomplish this?

                                        • A. Intercompany
                                        • B. Journal
                                        • C. Consolidation
                                        • D. Financial
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

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

                                        • A. Data Source (Entity)
                                        • B. Scenario
                                        • C. Period
                                        • D. Account
                                        • E. Year
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,B,C,E  🗳️

                                        Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

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