Free Oracle 1z1-1081 Exam Dumps Questions & Answers

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

• A.  The Intercompany Alias is set to the Entity Name.
• B.  The Intercompany Alias is not automatically changed to the new Entity Alias.
• C.  The Intercompany Alias is automatically set to the Intercompany Name.
• D.  The Intercompany Alias is automatically changed to the new Entity Alias.

What are two important first steps in initially setting up Close Manager? (Choose two.)

• A.  Define system settings such as Organization units, Holiday rules and Task attachment size.
• B.  Create a schedule and set it to Open status.
• C.  Assign tasks to users.
• D.  Set up Users.

PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

• A.  First common parent
• B.  First order relation
• C.  Lowest common denominator
• D.  Generation 0

Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

• A.  P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
• B.  P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
• C.  P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
• D.  P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.

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

• A.  Enable a dimension for Currency after application creation via a Metadata load.
• B.  Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
• C.  During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
• D.  During application creation, select the Multicurrency option of "Yes".