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Question 1

When do you enable submission phases for your approval process?

A : When you start the approval process for an approval unit on the Manage Approvals page

B : When you set up the approval unit hierarchy

C : When you set the member properties for the entity

D : When you assign the approval unit hierarchy to a scenario, period, and year

Answer: B

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 the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

B : lect the Consolidation template when setting up the Approval Unit hierarchy.

C : lete the default Approval Unit hierarchy.

D : lect as owners only users with the Service Administrator or Power User security role.

Answer: B

Question 3

UESTION NO: 64

An entity’s Common Stock balance is made up of data loaded through Data Management and an adjusting

journal entry posted in the application. The Common Stock balance must not re-translate each month.

What two data entries need to happen to have the Common Stock balance bypass the default translation of

equity accounts? (Choose two.)

A :

Data entry to the Common Stock account with the FCCS_Amount Override member of the

Consolidation dimension and the Data Source member FCCS_Managed Data.

B :

A journal entry to reverse the adjusted Common Stock balance with the Data Source member

FCCS_Journal Input.

C :

A journal entry to the Common Stock account with the FCCS_Amount Override member of the

Consolidation dimension and the Data Source member FCCS_Journal Input.

D :

Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the

Data Source member FCCS_Data Input.

Answer: B,D

Question 4

A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking

Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.

Which additional step is required to pull data in the new tab and change the POV?

A : Disconnect from the Smart View connection, and relog in.

B : Activate the Connection.

C : Close out of Excel, and relog in to Smart View.

D : Change one of the Row or Column dimension members and click Refresh.

Answer: B

Question 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 copy data from one scenario to a different scenario

D : to allocate data to base entities prior to consolidation

Answer: D

Name:	Oracle Financial Consolidation and Close 2024 Implementation Professional
Exam Code:	1Z0-1081-24
Certification:	Oracle Financial Consolidation and Close
Vendor:	Oracle
Total Questions:	168
Last Updated:	Nov 27, 2024

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