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 two statements are true about the Multi-GAAP feature? (Choose two.)

A) You must specify a prefix for entities that use the alternate gap standard.
B) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
C) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
D) Select this option if you need to report your financial statements only in IFRS.

2. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B) Values for Opening Balance are retrieved from the prior period's Closing Balance.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.

3. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Groovy rule.
B) Create a Task Manager rule.
C) Create a valid intersection rule.
D) Create a Configurable Consolidation rule.

4. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) None
B) Write
C) Comment
D) Read

5. When defining a batch in Data Management, which statement is True?

A) Batches can execute data loads for multiple locations.
B) A batch can load to multiple plan types.
C) A batch replaces the need for data load rules.
D) Each data load rule must specify the period or the batch will default to the POV period.
E) Batches can import from source or export to target, but not both.

Solutions: