Oracle 1Z0-1081-24 : Oracle Financial Consolidation and Close 2024 Implementation Professional

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which is true behavior of default FCCS_ members within an application?

A) You can change the Name of these default FCCS_ members at any time.
B) You cannot change the Alias of these default FCCS_ members.
C) You can change the Alias of these default FCCS_ members at any time.
D) You can change the default FCCS_ member prefix at application creation.

2. What are
two important first steps in initially setting up Task Manager?

A) Assign tasks to users.
B) Define system settings such as Organization units, Holiday rules and Task attachment size.
C) Create a schedule and set it to Open status.
D) Set up Users.

3. What is
the function of Source Mapping in Data Management?

A) Define the close calendar periods.
B) Defined the input currency for each data source supplying data to the application.
C) Manage source periods in relation to global periods.
D) Map local dimension members to the application dimension members.

4. 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 require multiple levels of approvers
B) when the tasks are often late in completion and they need to be monitored more closely
C) when the tasks require consistent definition across close schedules
D) when the tasks are repeatable over multiple close cycles

5. For which
scenario would an On-Demand rule be an appropriate solution?

A) to perform a custom currency translation for a subset of accounts
B) to add a column with a calculation to a report
C) to allocate data to base entities prior to consolidation
D) to copy data from one scenario to a different scenario

Solutions: