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1z0-1081-22 Exam Dumps - Oracle Financial Consolidation and Close 2022 Implementation Professional

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Question # 4

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

Security can be assigned at a prevent level.

Security is mandatory for one dimension.

The Identity Domain Administrator inherits full access privileges.

All members are accessiblefor dimensions with no security applied.

Security can be disabled for any dimension.

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Question # 5

How do you enable multiple currencieswithin a Financial Consolidation and Close (FCCS) application?

Enable a dimension for Currency after application creation via a Metadata load.

During application creation, select the Multicurrency option of â€œNoâ€ and insert additional currencies within the Currency dimension.

During application creation, select the Multicurrency option of â€œYesâ€.

Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

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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 XYZâ€™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 translation to theUSD_Reporting currency member for Company IOU

A translation of Company IOU

A consolidation of Company 123

A consolidation of Company XYZ

A translation of Company XYZ to Parent Currency

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Question # 7

Which statement about the Equity Pickup feature is FALSE?

Seeded rule-sets are provided for Equity Pickup.

Equity Pickup rules run as part of the consolidation process.

Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.

Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.

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Question # 8

Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled?

Ownership Percentage

Control

Consolidation Method

Consolidation Percentage

Minority Interest Percentage

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