1Z0-1081-21 Exam Training Practice Tests (Oracle Financial Consolidation and Close 2021 Implementation Essentials)]

Question 1

Which four sample ratios can be selected during business process creation?

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

Correct Answer: A,B,C,F

Question 2

Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A. Entity, Currency, Account B. Currency, Account, Movement C. Consolidation, Currency, Account D. Entity, Consolidation, Currency

Correct Answer: B

Question 3

How do you enable multiple currencieswithin a Financial Consolidation and Close (FCCS) application?

A. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension. B. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field. C. Enable a dimension for Currency after application creation via a Metadata load. D. During application creation, select the Multicurrency option of "Yes".

Correct Answer: C

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Question 4

What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A. The data export format / file extension is always extracted in a ZIP file format. B. Thedata export format / file extension is always extracted in a DAT file format. C. The data export format / file extension is always extracted in a CSV file format. D. The data export format / file extension is always extracted in a XLS file format.

Correct Answer: C

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Question 5

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.)

A. FCCS_CashFlow_Accounts Payable account member B. FCCS_CashFlow_Operating movement member C. FCCS_Accounts Payable account member D. FCCS_CashChange movement member E. FCCS_Total Balance Sheet - Cash and NonCash account member

Correct Answer: A,E

Question 6

What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

A. You cannot load data to this account. B. Addamounts aggregated to the parent. C. This setting does not affect aggregation to the parent. D. Subtract amounts aggregated to the parent.

Correct Answer: B

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Oracle Financial Consolidation and Close 2021 Implementation Essentials - 1Z0-1081-21 Exam Practice Test