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1z0-1081-23 Actual Exam Questions

Last updated on Nov. 21, 2024.
Vendor:Oracle
Exam Code:1z0-1081-23
Exam Name:Oracle Financial Consolidation and Close 2023 Implementation Professional
Exam Questions:60
97% Passed the exam with this material
 

Topic 1 - Exam A

Question #1 Topic 1

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 the Consolidation template when setting up the Approval Unit hierarchy.
  • B. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
  • C. Select users with the Service Administrator security role.
  • D. Delete the default Approval Unit hierarchy.
Reveal Solution Hide Solution   Discussion   2

Correct Answer: B 🗳️

Question #2 Topic 1

How do you navigate if you want to export a form to a Snapshot file?

  • A. From the Home page, select Tools, and then Clone Snapshot.
  • B. Open the form, select Actions, and then Export.
  • C. From the Home page, select Tools, and then Migration.
  • D. From the Navigator menu, select Forms.
Reveal Solution Hide Solution   Discussion   1

Correct Answer: B 🗳️

Question #3 Topic 1

Which statement is FALSE about running consolidations?

  • A. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
  • B. When you consolidate a parent, children with the Impacted calculation status are also consolidated.
  • C. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
  • D. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
Reveal Solution Hide Solution   Discussion   2

Correct Answer: C 🗳️

Question #4 Topic 1

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

  • A. The child entity is NOT a shared entity.
  • B. The default currency of the child is different from the default currency of the parent.
  • C. Reporting currencies have been defined in the Currency dimension.
  • D. To specify exchange rates, you must set up multiple currencies when creating an application.
Reveal Solution Hide Solution   Discussion  

Correct Answer: BC 🗳️

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