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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Period
B) Scenario
C) Entity
D) Consolidation
E) Year
F) Data Source

2. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Create member formulas.
B) Load data to this account and create member formulas.
C) Enter data through a data form.
D) Load data to this account.

3. When do you enable submission phases for your approval process?

A) When you assign the approval unit hierarchy to a scenario, period, and year
B) When you start the approval process for an approval unit on the Manage Approvals page
C) When you set the member properties for the entity
D) When you set up the approval unit hierarchy

4. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) Security can be assigned at a parent level.
B) The Identity Domain Administrator inherits full access privileges.
C) All members are accessible for dimensions with no security applied.
D) Security is mandatory for one dimension.
E) Security can be disabled for any dimension.

5. 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 template when setting up the Approval Unit hierarchy.
B) Delete the default Approval Unit hierarchy.
C) Select users with the Service Administrator security role.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

Solutions: