Changed 1z0-1081-22 Exam Questions

Oracle Financial Consolidation and Close 2022 Implementation Professional Questions and Answers

Question 5

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

Prior AverageRate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

FCCS_Mvmts_Subtotalmultiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

Question 6

Changes in the balance of Accounts Payable are captured on a company’s Cash Flow Report.

Which two dimension members must be built into the row of the company’s Cash Flow to report the impact of Accounts Payable? (Choose two.)

FCCS_Accounts Payable account member

FCCS_CashFlow_Operating movement member

FCCS_CashFlow_Accounts Payable account member

FCCS_Total Balance Sheet – Cash and NonCash account member

FCCS_CashChange movement member

Question 7

Which statement correctly describes the Consolidation dimension?

The dimension contains members to store non-controlling interest and joint venture data.

The dimension uses a separate member to storedata from an entity’s descendants.

The dimension allows users to see input versus journal adjustment data.

The dimension aggregates input, consolidated, and elimination data together.

Question 8

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

Parent Currency

Input Currencies

Reporting Currencies

Entity Currency