Free Oracle 1D0-1081-24-D Exam Questions

Become Oracle Certified with updated 1D0-1081-24-D exam questions and correct answers

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Total 124 Questions | Updated On: May 04, 2024

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Question 1

Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement

dimension? (Choose four.)

A : Cash Change hierarchy cannot be modified.

B : l primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.

C : seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

D : Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlowhierarchy.

E : Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.

F : blings can be added to the FCCS_CashFlow_Investing member.

Answer: A,C,D

Question 2

UESTION NO: 64

An entity’s Common Stock balance is made up of data loaded through Data Management and an adjusting

journal entry posted in the application. The Common Stock balance must not re-translate each month.

What two data entries need to happen to have the Common Stock balance bypass the default translation of

equity accounts? (Choose two.)

A : Data entry to the Common Stock account with the FCCS_Amount Override member of theConsolidation dimension and the Data Source member FCCS_Managed Data.

B : A journal entry to reverse the adjusted Common Stock balance with the Data Source memberFCCS_Journal Input.

C : A journal entry to the Common Stock account with the FCCS_Amount Override member of theConsolidation dimension and the Data Source member FCCS_Journal Input.

D : Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and theData Source member FCCS_Data Input.

Answer: B,D

Question 3

A client company has expanded quickly in the past year and has recognized the need to move their financial

team off spreadsheets and to a more verifiable and automated solution.

Which two requirements from this team would Oracle’s Financial Consolidation and Close Cloud Service

satisfy? (Choose two.)

A : robust consolidation engine that provides automated aggregations, intercompany eliminations andtranslations without requiring a strong IT footprint

B : hboard reporting with daily revenue comparisons and KPI’s that measure cost controls

C : leverage compliance efforts to fix process issues across all businesses and provide oversight for riskawareness

D : a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjustdata, monitor the close status and view data and compliance results in dashboards

E : ovide the ability to collaborate during close and analyse transaction detail in real time

Answer: A,D

Question 4

P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts

of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period

adjustment to Q adjusts cash with a debit of 5.

Which statement regarding consolidation is correct?

A : ere is no way to do a prior period entry like this.

B : January and February should be consolidated.

C : February should be consolidated, after which the cash at AceCo is now 65.

D : January should be consolidated for the change and nothing needs to happen for February.

Answer: B

Question 5

A company is based in the United Kingdom and has an application currency set to GBP. The company collects

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 : The subsidiary must have a balance not equal to zero in Common Stock.

C : Common Stock must have a Data Storage property set to Never Share.

D : USD must be created as a reporting currency.

E : subsidiary must have a parent entity with a GBP currency.

Answer: A,B

Page: 1 / 25

Total 124 Questions | Updated On: May 04, 2024

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