[Oct-2021] Oracle 1Z0-1081-20 Dumps – Reduce Your Chance of Failure in 1Z0-1081-20 Exam
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NEW QUESTION 27
Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?
- A. Load data to this account and create member formulas.
- B. Create member formulas.
- C. Enter data through a data form
- D. Load data to this account.
Answer: A
NEW QUESTION 28
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- B. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balancewith another division that is not a descendant of AceCo.
- C. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- D. P has adifferent currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Answer: C
NEW QUESTION 29
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. Data source, Consolidation, View
- B. From Currency, Movement, Scenario
- C. Multi-GAAP, Data Type, Intra-company
- D. Value, Entity, Account
- E. Period, Year, Entity
Answer: E
NEW QUESTION 30
Which statement correctly describes what happens to parent entities during consolidation?
- A. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
- B. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
- C. The changes in the relational database are synced to the underlying Essbase cube.
- D. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
Answer: B
NEW QUESTION 31
When defining a batch in Data Management, which statement is True?
- A. Each data load rule must specify the period or the batch will default to the POV period.
- B. A batch replaces the need for data load rules.
- C. Batches can import from source or export to target, but not both.
- D. A batch can load to multiple plan types.
- E. Batches can execute data loads for multiple locations.
Answer: E
NEW QUESTION 32
Which statement is true of the default FCCS_ members within an application?
- A. You can change the default FCCS_ member prefix at application creation.
- B. You can change the Alias.
- C. You can change the Data Storage property.
- D. You can change the Name.
Answer: B
Explanation:
Explanation
Explanation/Reference:
The member names of the seeded accounts cannot be changed, but the aliases can.
NEW QUESTION 33
Which statement correctly describes when a consolidation can occur within a given year/scenario?
- A. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- B. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- C. The current period consolidation status is Impacted and the remaining periods are OK.
- D. A user has a power user access but only write access to the entity.
- E. An administrator runs Force Consolidate to force the consolidation of all entities regardless ofstatus or content.
Answer: C
NEW QUESTION 34
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Metadata Supervisor
- B. Power User
- C. Metadata Administrator
- D. System Administrator
Answer: C
Explanation:
Explanation/Reference:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION 35
Which three scenarios result in foreign currency translation during the default consolidation process?
- A. A parent entity has the same default currency as its parent.
- B. A base entity has a different default currency than its parent.
- C. A base entity has the same default currency as its parent.
- D. A shared entity has a different default currency than its parent
- E. A parent entity has a different default currency than its parent.
Answer: B,D,E
NEW QUESTION 36
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. a column
- B. the Point of View
- C. Other Options section
- D. the Page Axis
Answer: B
NEW QUESTION 37
A company is based in the United Kingdom and has an application currency set to GBP. The companycollects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
- B. USD must be created as a reporting currency.
- C. The subsidiary must have a balance not equal to zero in Common Stock.
- D. Common Stock must have a Data Storage property set to Never Share.
- E. The subsidiary must have a parent entity with a GBP currency.
Answer: C,E
NEW QUESTION 38 
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?
- A. First order relation
- B. Generation 0
- C. First common parent
- D. Lowest common denominator
Answer: C
NEW QUESTION 39
What are two important first steps in initially setting up Task Manager?
- A. Set up Users.
- B. Define system settings such as Organization units, Holiday rules and Task attachment size.
- C. Assign tasks to users.
- D. Create a schedule and set it to Open status.
Answer: A,B
Explanation:
Reference:
cm_close_process_overview.html
NEW QUESTION 40
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Metadata Supervisor
- B. Power User
- C. Metadata Administrator
- D. System Administrator
Answer: C
NEW QUESTION 41
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
- A. Create a Roll Forward in the account dimension.
- B. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
- C. Add custom members for Additions and Disposals asdependents of
FCCS_Mvmts_CapitalExpenditures. - D. Add custom Movement members to the FCCS_CashFlow hierarchy.
- E. Load detailed Fixed Asset data to Movement members.
Answer: B,C,E
NEW QUESTION 42
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. Delete the default Approval Unit hierarchy.
- C. Select the Consolidation template when setting up the Approval Unit hierarchy.
- D. Select as owners only users with the Service Administrator or Power User security role.
Answer: C
Explanation:
To lock or unlock an entity, you must create an approval unit hierarchy containing the entities you want to lock.
By default, Financial Consolidation and Close provides an approval unit named "Total Geography".
Reference:
locking_and_unlocking_entities.html
NEW QUESTION 43
Which is true behavior of default FCCS_ members within an application?
- A. You can change the default FCCS_ member prefix at application creation.
- B. You can change the Name of these default FCCS_ members at any time.
- C. You cannot change the Alias of these default FCCS_ members.
- D. You can change the Alias of thesedefault FCCS_ members at any time.
Answer: B
NEW QUESTION 44
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