Name: Oracle Financial Consolidation and Close 2022 Implementation Professional
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SKU: 1Z0-1081-22
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Free Oracle 1Z0-1081-22 Exam Actual Questions

The questions for 1Z0-1081-22 were last updated On Jan 11, 2025

Question No. 1

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

AStore

BNever Share

CNo Rate

DDynamic Calc and Store

EDynamic

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Correct Answer: A

Question No. 2

What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

Aenables the Elimination member in the Consolidation dimension

Bprocess will separate total elimination values by Data Source.

Cenables the application to include Intercompany data.

Denables the application to perform Intercompany eliminations

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Correct Answer: B

Question No. 3

When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.

Which statement is true?

AThe FCCS_No Intercompany member of the ICP dimension will be used for all data.

BData can be stored by intercompany partner but no eliminations will occur.

CAn extra custom dimension will be available.

DThe ICP dimension will be omitted.

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Correct Answer: D

Question No. 4

Audit is enabled by default for which task categories?

AData only

BAll task categories

CNo task categories

DMetadata Administration and Security

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Correct Answer: A

Question No. 5

Which statement correctly describes the Consolidation dimension?

AThe dimension contains members to store non-controlling interest and joint venture data.

BThe dimension uses a separate member to store data from an entity's descendants.

CThe dimension allows users to see input versus journal adjustment data.

DThe dimension aggregates input, consolidated, and elimination data together.

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Correct Answer: C