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Oracle 1Z0-1081-20 Exam Dumps

Vendor: Oracle
Exam Code: 1Z0-1081-20
Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials
Certification: Oracle Certifications
Total Questions: 116 Q&A ( View Details)
Updated on: Jan 13, 2025
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1Z0-1081-20 Online Practice Questions and Answers

Questions 1

An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month. What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.

B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.

C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.

D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.

Show Answer

Questions 2

Which statement about the Equity Pickup feature is FALSE?

A. Seeded rule-sets are provided for Equity Pickup.

B. Equity Pickup rules run as part of the consolidation process.

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

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

Show Answer

Questions 3

In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A. when the tasks are repeatable over multiple close cycles

B. when the tasks require consistent definition across close schedules

C. when the tasks are often late in completion and they need to be monitored more closely

D. when the tasks require multiple levels of approvers

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