Oracle Financial Consolidation and Close 2020 Implementation Essentials

Here you have the best Oracle 1z0-1081-20 practice exam questions

You have 59 total questions to study from
Each page has 5 questions, making a total of 12 pages
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This questions were last updated on October 21, 2025
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Question 1 of 59

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?

Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

Select the Consolidation template when setting up the Approval Unit hierarchy.

Delete the default Approval Unit hierarchy.

Select as owners only users with the Service Administrator or Power User security role.

Correct Answer: B

Question 2 of 59

What is the function of Source Mapping in Data Management?

Map local dimension members to the application dimension members.

Manage source periods in relation to global periods.

Defined the input currency for each data source supplying data to the application.

Define the close calendar periods.

Correct Answer: C

Question 3 of 59

If the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?

The FCCS_No Intercompany member of the ICP dimension is used for all data.

The ICP dimension is omitted.

An extra custom dimension is available.

Data can be stored by intercompany partner but no eliminations will occur.

Correct Answer: A

Question 4 of 59

For which three dimensions is security enabled by default?

Data Source

Entity

Consolidation

Scenario

Account

Correct Answer: B, D, E

Question 5 of 59

A company has two subsidiaries with 1000 EURO each in the Cash account.
If the consolidation percentage is 100%, which four Consolidation members will reflect 2000 EURO at the company's balance?

FCCS_Contribution

FCCS_Entity Total

FCCS_Proportion

FCCS_Elimination

FCCS_Entity Consolidation

FCCS_Entity Input

Correct Answer: A, C, E, F