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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

A. The new task will run outside of the schedule end date.
B. An error, you can't add a new task past the due date.
C. The task will not run.
D. The schedule end date changes to match the end date of the task.

Question 2

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?

A. Select as owners only users with the Service Administrator or Power User security role.
B. Select the Consolidation template when setting up the Approval Unit hierarchy.
C. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D. Delete the default Approval Unit hierarchy.

Question 3

Which statement is true of journals created from Recurring templates?

A. The initial status of journals created from Recurring templates is Approved.
B. The initial status of journals created from Recurring templates is Posted.
C. Journals for recurring templates are created automatically when you open a period for journals.
D. The line items in journals created from Recurring templates are read only.

Question 4

If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A. The associated Intercompany member is automatically removed.
B. The associated Intercompany member must be manually removed.
C. The alias of the associated Intercompany member is automatically updated.
D. The alias of the associated Intercompany member must be manually changed.

Question 5

PQR Company has the ownership 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?

A. Lowest common denominator
B. First order relation
C. First common parent
D. Generation 0

Solutions: