Oracle 1z0-1081 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-1081
Exam Name/Title: Oracle Financial Consolidation and Close 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financial Consolidation and Close Cloud Service

Exam Questions: 86
Updated On: Jul 07, 2026

Question #1

If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A. The associated Intercompany member must be manually removed.

B. The associated Intercompany member is automatically removed.

C. The alias of the associated Intercompany member is automatically updated.

D. The alias of the associated Intercompany member must be manually changed.

Discussion 0

Correct Answer: C Vote an answer

Question #2

Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?

A. All members are accessible for dimensions with no security applied.

B. Security is mandatory for one dimension.

C. Security can be assigned at a parent level.

D. The Identity Domain Administrator inherits full access privileges.

E. Security can be disabled for any dimension.

Discussion 0

Correct Answer: A Vote an answer

Question #3

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

B. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

D. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

Discussion 0

Correct Answer: A,D Vote an answer

Question #4

Which statement correctly describes when a consolidation can occur within a given year/scenario?

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

B. A user with power user access first locks the entity so that other users cannot consolidate the same entity.

C. The current period consolidation status is Impacted and the remaining periods are OK.

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: C Vote an answer

Question #5

How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A. Drill-back to SDM is not an available feature.

B. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.

C. By selecting Track Multi-source Data Input option for Other Data during the application creation process.

D. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.

Discussion 0

Correct Answer: D Vote an answer

Question #6

Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?

A. A translation to the USD_Reporting currency member for Company IOU

B. A consolidation of Company 123

C. A translation of Company XYZ to Parent Currency

D. A translation of Company IOU

E. A consolidation of Company XYZ

Discussion 0

Correct Answer: C Vote an answer

Question #7

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A. Store

B. Dynamic

C. Dynamic Calc and Store

D. Never Share

E. No Rate

Discussion 0

Correct Answer: A Vote an answer

Question #8

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 parent entity with a GBP currency.

C. USD must be created as a reporting currency.

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

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

Discussion 0

Correct Answer: B,E Vote an answer

Question #9

By default, security access is set to "None" for which three dimensions? (Choose three.)

A. Data Source

B. Year

C. Entity

D. Movement

E. Account

Discussion 0

Correct Answer: A,C,E Vote an answer

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