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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

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

A. Select this option if you need to report your financial statements only in IFRS.
B. You must specify a prefix for entities that use the alternate gap standard.
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.

Question 2

Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A. There is no reason to consolidate years sequentially.
B. Parent account calculations depend on the sequencing.
C. Each period in the year must consolidate separately.
D. Years should be consolidated sequentially to ensure that rollforward calculations are correct.

Question 3

In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A. Scenario
B. Data Source (Entity)
C. Period
D. Year
E. Account

Question 4

You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A. Create a Task Manager rule.
B. Create a Groovy rule.
C. Create a valid intersection rule.
D. Create a Configurable Consolidation rule.

Question 5

Which four items are included in the Currency dimension? (Choose four.)

A. Reporting Currencies
B. Entity Currency
C. Parent Currency
D. Journal Input Currencies
E. Default Currency
F. Input Currencies

Solutions: