Question No. 1

Which statement

about the Equity Pickup feature is FALSE?

ASeeded rule-sets are provided for Equity Pickup.

BEquity Pickup rules run as part of the consolidation process.

CEquity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.

DEquity Pickup rules are run on-demand from the Rules card by users with launch permissions.

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Correct Answer: B

Question No. 2

Which statement

is FALSE when Intercompany Data is enabled?

AThe Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.

BTracking intercompany eliminations is optional.

CIn order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

DIntercompany accounts are assigned plug accounts.

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Correct Answer: C

Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.

admin_tax_automation_intercompany_eliminations_100x084ae29f.html

Question No. 3

Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

ASelect Application, then Overview, then Data, and then Export

BSelect Application, then Overview, then Actions, and then Import Data

CSelect Dimensions, then Actions, and then Import Data

DSelect Import, then Actions, and then Data

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Correct Answer: B

Question No. 4

Which item describes the use for the Currency dimension property Triangulation Currency?

AThe ability to force translations

BThe ability to report in multiple currencies

CThe ability to calculate foreign exchange rates

DThe ability to calculate CTA (Cumulative Translation Adjustment)

EThe ability to input foreign exchange rates

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Correct Answer: C

Question No. 5

When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:

WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'

ELSE 'SALES'

Which statement is True?

AThe script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

BThe script will work if the script is referenced in the In mapping type with #SQL as the target.

CThe script will not work since Data Management does not support scripting.

DThe script will not work since the UD5 member referenced does not start with FCCS_

EThe script will work if the script is referenced in the Explicit mapping type with #SQL as the target.

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Correct Answer: B

Free Oracle 1Z0-1081-22 Exam Actual Questions

The questions for 1Z0-1081-22 were last updated On Nov 21, 2024