[Jan-2023] Feel Oracle 1Z0-1081-21 Dumps PDF Will likely be The best Option [Q50-Q67]

QUESTION 50
What can the Intercompany Dimension be enabled and made visible within your application?
Response:

during application creation and selecting the Intercompany Data feature option

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

during application creation and selecting the Multi-source Data Input of Other Data

after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

QUESTION 51
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled. Which statement is true?
Response:

The ICP dimension will be omitted.

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

An extra custom dimension will be available.

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

QUESTION 52
Which three tasks are supported by Data Management?
Response:

loading data from a fixed width or delimited text file

writing back data to source systems

loading data that is period-to-date or year-to-date

loading a Metadata Import File

drilling through from a web form or Smart View

QUESTION 53
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
Response:

In the member selection for Entity, do not include shared entities, include only primary instances of entities.

Select level 0 dimension members for the POV, rows, and columns.

Set the currency on the form to Parent Currency.

Grant the data input users WRITE access to the dimension members used on the form.

Set the consolidation member on the form to FCCS_Entity Input.

QUESTION 54
Which two statements are correct with regard to Data Management locations? (Choose two.)

A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.

Location securityallows users to be provisioned in Shared Services for read or modify access to each location.

Locations can share dimension member mappings by specifying a location as a parent location of others.

The logic account group is required in order to effect running of calculations after the data load.

Locations must specify an import format, which may be used by other locations.

Data load rules can be shared across locations.

QUESTION 55
Which statement correctly describes what happens to parent entities during consolidation?
Response:

From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

The changes in the relational database are synced to the underlying Essbase cube.

The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

QUESTION 56
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?
Response:

Impacted

Need Translate

OK

System Changed (SC)

QUESTION 57
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
Response:

3-3-3-3

3-3-3-4

4-4-4-4

4-4-4-5

QUESTION 58
Which selection should you make to show the Intercompany account and matching account balances on the Intercompany Matching Report?
Response:

Intercompany Partners

Intercompany Accounts

Elimination Consolidation Dimension member

Intercompany Plug Accounts

QUESTION 59

PQR Company has theownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1’s receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

First common parent

Generation 0

First order relation

Lowest common denominator

QUESTION 60
Which three combinations of dimensions could be valid for a FinancialConsolidation and Close (FCCS) application?

Period, Year, Entity

From Currency, Movement, Scenario

Multi-GAAP, Data Type, Intra-company

Value, Entity, Account

Data source, Consolidation, View

QUESTION 61
A company is based in the United Kingdom and has an application 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 ofthe subsidiary’s Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

Common Stock must have an Exchange Rate Type set to Historical Rate Override.

The subsidiary must have a balance not equal to zero in Common Stock.

Common Stock must have a Data Storage property set to Never Share.

USD must be created as a reporting currency.

The subsidiary must have a parent entity with a GBP currency.

QUESTION 62
If the Alias of an Entity that marked as …oeIs Intercompany… and is later changed, what happens to the corresponding Intercompany member Alias?
Response:

The Intercompany Alias is set to the Entity Name.

The Intercompany Alias is automatically changed to the new Entity Alias.

The Intercompany Alias is not automatically changed to the new Entity Alias.

The Intercompany Alias is automatically set to the Intercompany Name.

QUESTION 63
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
Response:

Financial Close Management

Data Management

Account Reconciliation Management

Supplemental Data Management

Process Management

QUESTION 64
Which three scenarios result in foreign currency translation during the default consolidation process?

A parent entity has a different default currency than its parent.

A parententity has the same default currency as its parent.

A base entity has a different default currency than its parent.

A base entity has the same default currency as its parent.

A shared entity has a different default currency than its parent

QUESTION 65
For your business process, owners of approval units should be able to lock and unlock data without going through an approval process. Which action should you perform?
Response:

Delete the default Approval Unit hierarchy.

Select the Consolidation template when setting up the Approval Unit hierarchy.

Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

Select as owners only users with the Service Administrator or Power User security role.

QUESTION 66
Which two are required fields when registering a source system in Data Management?
Response:

Source System Type

Cloud Type

Drill Through URL

Name

QUESTION 67
When defining a batch inData Management, which statement is True?

Each data load rule must specify the period or the batch will default to the POV period.

Batches can import from source or export to target, but not both.

Batches can execute data loads for multiplelocations.

A batch replaces the need for data load rules.

A batch can load to multiple plan types.

[Jan-2023] Feel Oracle 1Z0-1081-21 Dumps PDF Will likely be The best Option [Q50-Q67]

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