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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) Consolidation
B) Movement
C) Account
D) View

2. When do you enable submission phases for your approval process?

A) When you start the approval process for an approval unit on the Manage Approvals page
B) When you set the member properties for the entity
C) When you assign the approval unit hierarchy to a scenario, period, and year
D) When you set up the approval unit hierarchy

3. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) Data can be stored by the intercompany partner but no eliminations occur.
B) The FCCS No Intercompany member of the ICP dimension is used for all data.
C) The ICP dimension is omitted.
D) An extra custom dimension is available.

4. Which two statements are true about the Multi-GAAP feature? (Choose two.)

A) You must specify a prefix for entities that use the alternate gap standard.
B) Select this option if you need to report your financial statements only in IFRS.
C) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
D) Enabling Multi-GAAP reduces the number of custom dimensions you can have.

5. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
B) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
C) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

Solutions: