Free 1Z0-1081-21 Questions for Oracle Financial Consolidation and Close 2021 Implementation Essentials 1Z0-1081-21 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z0-1081-21
Exam Name/Title: Oracle Financial Consolidation and Close 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud

Exam Questions: 119
Updated On: Jun 19, 2026

Question #1

Audit is enabled by default for which task categories?

A. No task categories

B. Data only

C. All task categories

D. Metadata Administrationand Security

Discussion 0

Correct Answer: B Vote an answer

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Question #2

Which financial close related component isNOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A. Data Management

B. Account Reconciliation Management

C. Supplemental Data Management

D. Process Management

E. Financial Close Management

Discussion 0

Correct Answer: B Vote an answer

Question #3

For which scenario would an On-Demand rule be an appropriate solution?

A. to copy data from one scenario to a different scenario

B. to add a column with a calculation to a report

C. to allocate data to base entities prior to consolidation

D. to perform a custom currency translation for a subset of accounts

Discussion 0

Correct Answer: A Vote an answer

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Question #4

Which statement correctlydescribes 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 current period consolidation status is Impacted and the remaining periods are OK.

C. A user has a power user access but only write access to the entity.

D. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

E. The user specifies the desired parent entity,Feb as the period, Actual as the scenario, and 2018 as the year.

Discussion 0

Correct Answer: B Vote an answer

Question #5

Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.

B. Siblings can be added to the FCCS_CashFlow_Investing member.

C. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in theFCCS_CashFlow hierarchy.

D. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.

E. The Cash Change hierarchy cannot be modified.

F. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

Discussion 0

Correct Answer: A,B,D,F Vote an answer

Question #6

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 ofthe subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A. The subsidiary must have a parent entity with a GBP currency.

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

C. Common Stock must have an Exchange Rate Type set to Historical Rate Override.

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

E. USD must be created as a reporting currency.

Discussion 0

Correct Answer: A,D Vote an answer

Question #7

Which item describes the use for the Currency dimension property Triangulation Currency?

A. The ability to calculate CTA (Cumulative Translation Adjustment)

B. The ability to report in multiplecurrencies

C. The ability to calculate foreign exchange rates

D. The ability to input foreign exchange rates

E. The ability to force translations

Discussion 0

Correct Answer: C Vote an answer

Question #8

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. The data export format / file extension is always extracted in a XLS file format.

C. The data export format / file extension is always extracted in a CSV file format.

D. Thedata export format / file extension is always extracted in a DAT file format.

Discussion 0

Correct Answer: C Vote an answer

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Free 1Z0-1081-21 Questions for Oracle Financial Consolidation and Close 2021 Implementation Essentials 1Z0-1081-21 Exam as PDF & Practice Test Engine

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