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1Z0-1081-20 Exam Questions & Answers

Exam Code: 1Z0-1081-20

Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials

Updated: Apr 09, 2024

Q&As: 116

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Practice These Free Questions and Answers to Pass the Enterprise Performance Management (EPM) Exam

Questions 1

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 the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

B. 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.

C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

D. 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.

Show Answer
Questions 2

Which statement accurately describes alternate hierarchies?

A. Single entities having multiple parents

B. Parent members having the same currency

C. Contribution to parent members are similar

D. Data must be entered multiple times for shared members

Show Answer
Questions 3

When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

A. Designing dynamic reports

B. Expanded vs. single data segments

C. Report performance

D. Suppress missing blocks

Show Answer
Questions 4

For data load rules in Data Management, which two statements are FALSE?

A. If specified, the import format will be used; if not, then the location's format will be used.

B. A job must first run to import the data file before the user can run the data load rule.

C. End users can upload a file when running a data load rule.

D. Data load rules cannot be shared across locations.

E. Valid load types are Merge and Replace.

Show Answer
Questions 5

What information is included in the data extract export file delimited format?

A. the ID of the user performing the extract

B. the domain and application name

C. the data load cube name

D. the application name

Show Answer

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