1z0-1081-22 Premium Exam Questions

Oracle Financial Consolidation and Close 2022 Implementation Professional Questions and Answers

Question 9

What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

FCCS_Entity Total

FCCS_Parent Currency

FCCS_Contribution

FCCS_EntityConsolidation

Question 10

Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input

member might be different than the data in the FCCS_Proportion member?

A rate was entered into the FCCS_Rate Override account.

An ownershippercentage for the entity other than 100 was entered.

An intercompany elimination was performed.

The parent entity has a different currency than the child.

Question 11

How can the Intercompany dimension be enabled within your application?

In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.

In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.

During application creation, select the Intercompany Data option.

In the metadata editor, select IC_Entity_Yes forthe Intercompany Entity property for any entity.

Question 12

Which two statements are true of the roll forward calculation in the Movement dimension?

Values for base-level Movement members are calculated as the difference between Closing Balance and

Opening Balance.

Translated values for Closing Balance are adjusted to the ending rate for the period.

Values for Opening Balance are retrieved from the prior period Closing Balance.

Data for opening balances must be loaded to the Opening Balance member prior to consolidation.