Free Oracle 1Z0-1081-24 Exam Dumps Questions & Answers

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

• A.  The default currency of the child is different from the default currency of the parent.
• B.  To specify exchange rates you must set up multiple currencies when creating an application.
• C.  The child entity is NOT a shared entity.
• D.  Reporting currencies have been defined in the Currency dimension.

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

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

What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

• A.  Subtract amounts aggregated to the parent.
• B.  You cannot load data to this account.
• C.  Add amounts aggregated to the parent.
• D.  This setting does not affect aggregation to the parent.

You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

• A.  Consolidation
• B.  Financial
• C.  Journal
• D.  Intercompany

Which two statements are true regarding the Copy Data function?

• A.  You can copy data for historical rate and amount overrides.
• B.  You can select which Consolidation dimension member to copy.
• C.  You cannot select which Account members to copy.
• D.  When you select the Regular Data option, journals data is included.