Printable PDFOracle 1Z0-1081-20 Exam Questions & Answers
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Vendor: Oracle
Exam Code: 1Z0-1081-20
Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials
Certification Provider: Oracle
Total Questions: 116 Q&A ( View Details)
Updated on: Mar 27, 2025
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1Z0-1081-20 Online Practice Questions and Answers
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 100% 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 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.
C. 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.
D. 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.
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 balance not equal to zero in Common Stock.
C. Common Stock must have a Data Storage property set to Never Share.
D. USD must be created as a reporting currency.
E. The subsidiary must have a parent entity with a GBP currency.
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
A. by selecting Application, then Overview, then Dimensions, and then Export
B. by selecting Dimension, then Import, and then Metadata
C. by selecting Application, then Overview, then Dimensions, and then Import
D. by selecting Tasks, then Metadata, and then Import
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