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Welcome to Oracle 1z0-1081-20 practice test online
QUESTION 1
In Data Management, when creating a member mapping for the Sales account, the following script is entered. UD5
refers to a Product custom dimension:
WHEN UD5 LIKE `CAR_%\\’ THEN `AUTO_SALES\\’
Which statement is true?
A. The script will not work since the UD5 member referenced does not start with FCCS_
B. The script will work if the scrips is referenced in the Explicit mapping type with #SQL as the target.
C. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account
Sales.
D. The script will not work since Data Management does not support scripting.
E. The script will work if the script is referenced in the In mapping type with #SQL as the target.
Correct Answer: E
QUESTION 2
Which two statements are true regarding the Copy Data function?
A. You can copy data for historical rate and amount overrides.
B. You cannot select which Account members to copy.
C. You can select which Consolidation dimension member to copy.
D. When you select the Regular Data option, journals data is included.
Correct Answer: AD
You can copy these types of data:
Regular Data (including journals)
Override Data ?rates and amounts entered on the Override Rates form for historical rate override accounts
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/data_copy.html
QUESTION 3
What are two important first steps in initially setting up Task Manager?
A. Set up Users.
B. Define system settings such as Organization units, Holiday rules and Task attachment size.
C. Assign tasks to users.
D. Create a schedule and set it to Open status.
Correct Answer: AB
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/cm_close_process_overview.html
QUESTION 4
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
A. Parent Currency
B. Local Currency
C. Base Currency
D. Entity Currency
Correct Answer: D
Reference: https://www.platformspecialists.com/blogs-case-studies/understanding-consolidations-in-fccs
QUESTION 5
Which three combinations of dimensions could be valid for a Financial Consolidation and Close business process?
A. Multi-GAAP, Data Type, Intra-company
B. Data Source, Consolidation, View
C. Period, Year, Entity
D. Currency, Movement, Scenario
E. Value, Entity, Account
Correct Answer: BCD
Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/fccs_supported_dimensions_104x1e19a4b9.html
QUESTION 6
How do you enable multiple currencies within a Financial Consolidation and Close business process?
A. In the metadata editor, in the properties tab for the Currency dimension, select Enabled.
B. During application creation, select the Multicurrency option of Yes.
C. Enable a dimension for Currency after application creation via a metadata load.
D. In the metadata editor, enter a currency in the Entity Currency field for each entity.
Correct Answer: C
Enable a dimension for Currency after application creation via a Metadata load.
Reference: https://alexandertechniqueworkshops.com/5dmqxf1u/55aba3-fccs-currency-dimension
QUESTION 7
Which two are required fields when registering a source system in Data Management?
A. Source System Type
B. Cloud Type
C. Drill Through URL
D. Name
Correct Answer: CD
Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/registering_filebased_source_systems.html
QUESTION 8
When designing a report in Financial Reporting Studio, which two are insertable report objects?
A. Chart
B. Grid
C. Header
D. Footer
Correct Answer: AB
Report objects include: Grids Text
Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/frweb/GUID-3559E92E-0EC6-42F8-BB48-97875171067E.pdf
QUESTION 9
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. Impacted
B. Need Translate
C. OK
D. System Changed (SC)
Correct Answer: D
The entity\\’s calculation status must be OK, No Data, or System Change. You cannot lock an entity with Impacted
calculation status.
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/
locking_and_unlocking_entities.html
QUESTION 10
A company based in the United Kingdom has their currency set to GBP. The company collects data from a United
States based subsidiary. The subsidiary\\’s functional currency is USD.
Which two items facilitate the reporting of the subsidiary\\’s Common Stock balance at a historical rate in the GBP
reporting currency?
A. Rate data for Common Stock must be loaded or entered in the Override Rates form.
B. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
C. Common Stock must have a Data Storage property set to Never Share.
D. USD must be created as a reporting currency.
E. The subsidiary must have a parent entity with a GBP currency.
Correct Answer: AE
QUESTION 11
Which statement correctly describes what happens to parent entities during consolidation?
A. The changes in the relational database are synced to the underlying Essbase cube.
B. Data from the FCCS_Contribution Consolidation dimension member of the child entities is aggregated and stored in
the FCCS_Entity Consolidation member of the parent entities.
C. For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the
current period change value, and the values are aggregated the FCCS_Entity Consolidation member of the parent.
D. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
Correct Answer: B
QUESTION 12
What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type
account to a parent that is set as an income type account?
A. This setting does not affect aggregation to the parent.
B. You cannot load data to this account.
C. Add amounts aggregated to the parent.
D. Subtract amounts aggregated to the parent.
Correct Answer: C
Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/aggregation_consolidation_operator.html
QUESTION 13
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
A. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
B. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
C. Load detailed Fixed Asset data to Movement members.
D. Add custom Movement members to the FCCS_CashFlow hierarchy.
E. Create a Roll Forward in the account dimension.
Correct Answer: CDE
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