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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A) when the tasks require multiple levels of approvers
B) when the tasks are repeatable over multiple close cycles
C) when the tasks are often late in completion and they need to be monitored more closely
D) when the tasks require consistent definition across close schedules

2. What member of the Currency dimension should be used during data entry for historical override amounts?

A) Reporting Currencies
B) Parent Currency
C) Entity Currency
D) Input Currencies

3. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Debt Ratio
B) Inventory Ratios
C) Contribution Margin
D) Days Sales in Receivables
E) Earnings per Share
F) Gross Margin

4. 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) Delete the default Approval Unit hierarchy.
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) Select users with the Service Administrator security role.

5. Which two statements are true about Enterprise Journals? (Choose two.)

A) Line items can only include entities that have been enabled for Enterprise Journals.
B) You can assign a team as preparer or reviewer.
C) You cannot deploy Enterprise Journals to a period with Pending status.
D) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.

Solutions: