Free Oracle 1z0-1081 Exam Dumps Questions & Answers

What member of the Currency dimension should be used during data entry for historical override amounts?

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

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

• A.  by selecting Dimension, then Import, and then Metadata
• B.  by selecting Application, then Overview, then Dimensions, and then Import
• C.  by selecting Tasks, then Metadata, and then Import
• D.  by selecting Application, then Overview, then Dimensions, and then Export

Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

• A.  Data Management
• B.  Financial Close Management
• C.  Supplemental Data Management
• D.  Account Reconciliation Management
• E.  Process Management

What is the correct Currency dimension member to select when running an Intercompany Matching Report?

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

P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

• A.  January and February should be consolidated.
• B.  January should be consolidated for the change and nothing needs to happen for February.
• C.  February should be consolidated, after which the cash at AceCo is now 65.
• D.  There is no way to do a prior period entry like this.