Free Oracle 1z0-1081-22 Exam Questions & Answer from Training Expert Test4Engine [Q68-Q85]

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February 23, 2023

Free Oracle 1z0-1081-22 Exam Questions & Answer from Training Expert Test4Engine [Q68-Q85]

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Free Oracle 1z0-1081-22 Exam Questions and Answer from Training Expert Test4Engine

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Q68. Which statement
about the Equity Pickup feature is FALSE?

Seeded rule-sets are provided for Equity Pickup.

Equity Pickup rules run as part of the consolidation process.

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

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

Q69. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

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

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

An extra custom dimension will be available.

The ICP dimension will be omitted.

Q70. Which statement is true regarding Data Management categories?

Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab

Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

Application mapping is not required if the global mapping target category is exactly correct.

The category’s time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

Q71. You have
created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group.
How can the Analysts navigation flow be made the default for the Analysts user group?

In the Analysts navigation flow, select the Analysts user group in the Assign To field.

In Application Settings, assign Analysts to the Analysts user group in the System Settings section.

In their User Preferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list.

Because the navigation flow was given exactly the same name as the user group, it is assigned automatically to the group

Assign to assigns the navigation flow to a group of users or to a role.
Reference:
editing_a_navigation_flow_114xdb21ceb5.html

Q72. How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

Drill-back to SDM is not an available feature.

Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.

By selecting Track Multi-source Data Input option for Other Data during the application creation process.

Q73. By default, security access is set to “None” for which three dimensions? (Choose three.)

Movement

Data Source

Account

Entity

Year

Q74. For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in Calculation Manager.

Click Configurable Consolidation on the Consolidation Process page and create a Configurable Consolidation rule-set.

Edit the numbers using a web form or Smart View after consolidating.

Create an on-demand rule in Calculation Manager that you run after consolidation.

From the Consolidation Process page, select the Consolidated tab, and then selectConfigurable Consolidation.
Click the Create Rule Set.
Reference:
consolidation_creating_rule_sets.html

Q75. How can
the Intercompany dimension be enabled within your application?

In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.

In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.

During application creation, select the Intercompany Data option.

In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.

Reference:
intercompany_property_for_entities.html

Q76. For which three tasks can Data Management be used? (Choose three.)

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

drilling through from a web form or Smart View

loading data from a fixed width or delimited text file

writing back data to source systems

loading a Metadata Import File

fixed width file or a delimited file,
In Data Management, write-back functionality is available.
Reference:
integrate_file_104xd8fa487f.html
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/write-back.html
https://docs.oracle.com/applications/smartview/810/UGSUG/
drill_through_procedure_102xd6eca4c6.htm#UGSUG-GUID-C221538B-5352-4742-A1A1-18F16CE4D099

Q77. When defining a batch in Data 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 multiple locations.

A batch replaces the need for data load rules.

A batch can load to multiple plan types.

Q78. Which three
are seeded data forms created during business process creation?

Exchange Rate Multi-period

Override Rates

Shares Outstanding

Data Status

Headcount

Q79. Which statement
is FALSE when Intercompany Data is enabled?

The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.

Tracking intercompany eliminations is optional.

In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

Intercompany accounts are assigned plug accounts.

Elimination data applies to all children, including children with a different Domicile than the Parent, a blended rate is entered at the Parent Entity’s domicile. If you want to disable the elimination global rules, do not enter rates at the Parent entity.
Reference:
admin_tax_automation_intercompany_eliminations_100x084ae29f.html

Q80. Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

Process Management

Account Reconciliation Management

Data Management

Supplemental Data Management

Financial Close Management

Q81. For which
scenario would an On-Demand rule be an appropriate solution?

to perform a custom currency translation for a subset of accounts

to add a column with a calculation to a report

to copy data from one scenario to a different scenario

to allocate data to base entities prior to consolidation

Copy data from one scenario to another one.

Q82. On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

the third Friday of each month to apply to both TEST and PROD simultaneously

the first and third Monday of each month; first Monday for TEST and third Monday for PROD

the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD

the first and third Friday of each month; first Friday for TEST and third Friday for PROD

Q83. Which statement correctly describes when a consolidation can occur within a given year/scenario?

An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

The current period consolidation status is Impacted and the remaining periods are OK.

A user has a power user access but only write access to the entity.

A user with power user access first locks the entity so that other users cannot consolidate the same entity.

The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

Q84. Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

FCCS_Amount_Override

FCCS_Rate Override

FCCS_Contribution

FCCS_Proportion

FCCS_Elimination

FCCS_Translation

Q85. Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

Account

From Currency

Entity

Currency

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Oracle 1z0-1081-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Explain approval groups and phased submissions Automate repetitive tasks using EPM Automate
Topic 2	Configure the default translation method and default rate accounts Run the setup wizard for the FCC business process
Topic 3	Enter exchange rates and historical override rates and amounts Describe the Account, Entity, and Scenario dimensions
Topic 4	Configure statutory consolidations using Ownership Management and Consolidation Methods Describe Period and Movement as Dense dimensions (DSO)
Topic 5	Create consolidation journals and consolidation journal templates Describe Financial Consolidation and Close features
Topic 6	Create custom consolidation calculations with Configurable Calculations and On Demand Rules Financial Consolidation and Close Overview
Topic 7	Assign security access to dimension members Describe valid and invalid intersection rules
Topic 8	Build Out Your Financial Consolidation and Close Solution Create journal, intercompany, and consolidation reports
Topic 9	Assign approval groups to an approval unit hierarchy Add members to the Currency and Movement dimensions