2025

Oracle Financial Consolidation and Close 2025 Implementation Professional

Oracle
1Z0-1081-25 Exam
Oracle Cloud

Questions & Answers

Thank you for Downloading 1Z0-1081-25 exam PDF Demo

Get Full File:

https://www.dumpsplanet.com/1z0-1081-25-dumps/

www.dumpsplanet.com
Questions & Answers PDF Page 1

Version: 4.0

Question: 1

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?

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

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

C. Select users with the Service Administrator security role.

D. Delete the default Approval Unit hierarchy.

Answer: B
Explanation:

The Consolidation Bottom Up template allows owners of approval units to lock and unlock data
without going through an approval process. This template is suitable for organizations that do not
require a formal approval process for data submission, but still want to control data access and track
data status. The Consolidation template, on the other hand, requires owners of approval units to
submit data for approval before they can lock it. The Service Administrator security role does not
affect the approval process, and deleting the default Approval Unit hierarchy would disable the
approval functionality altogether. Reference: Oracle Financial Consolidation and Close 2023
Implementation Essentials Exam Study Guide, page 15; [Oracle Financial Consolidation and Close
Cloud Service User’s Guide], page 2-14.

Question: 2

www.dumpsplanet.com
Questions & Answers PDF Page 3

How do you navigate if you want to export a form to a Snapshot file?

A. From the Home page, select Tools, and then Clone Snapshot.

B. Open the form, select Actions, and then Export.

C. From the Home page, select Tools, and then Migration.

D. From the Navigator menu, select Forms.

Answer: B
Explanation:

To export a form to a Snapshot file, you need to open the form, select Actions, and then Export. This
will create a Snapshot file that contains the form definition and data. You can use this file to import
the form to another application or environment. The other options are not related to exporting
forms. Clone Snapshot is used to copy an existing Snapshot file, Migration is used to migrate artifacts
between applications or environments, and Forms is used to create or edit forms. Reference: Oracle
Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 23;
[Oracle Financial Consolidation and Close Cloud Service User’s Guide], page 4-10.

Question: 3

Which statement is FALSE about running consolidations?

A. When you consolidate an entity for a period, prior periods with the Impacted calculation status
are also consolidated.

B. When you consolidate a parent, children with the Impacted calculation status are also
consolidated.

C. When you run consolidation for a child with the Impacted calculation status, the parent entity is
also re-consolidated.

D. Running consolidation using the Force Consolidate option consolidates entities with any
calculation status other than OK or NO DATA.

Answer: C
Explanation:

The statement that is false about running consolidations is: When you run consolidation for a child
with the Impacted calculation status, the parent entity is also re-consolidated.

www.dumpsplanet.com
This is false because running consolidation for a child entity only affects the child entity and its
descendants, not the parent entity or its siblings. The parent entity will only be re-consolidated if it
has the Impacted calculation status or if you use the Force Consolidate option. The other statements
are true about running consolidations. Reference: Oracle Financial Consolidation and Close 2023
Implementation Essentials Exam Study Guide, page 29; [Oracle Financial Consolidation and Close
Cloud Service User’s Guide], page 5-7.

Question: 4

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

A. The child entity is NOT a shared entity.

B. The default currency of the child is different from the default currency of the parent.

C. Reporting currencies have been defined in the Currency dimension.

D. To specify exchange rates you must set up multiple currencies when creating an application.

Answer: B, C
Explanation:

The two conditions that are required for foreign currency translation to take place during the default
consolidation process are:

The default currency of the child is different from the default currency of the parent.

Reporting currencies have been defined in the Currency dimension.

These conditions ensure that there is a need and a way to translate the child entity’s data into
another currency. If the child entity has the same default currency as the parent, there is no need for
translation. If reporting currencies have not been defined in the Currency dimension, there is no way
to specify exchange rates or translation methods. The other options are not required for foreign
currency translation. The child entity can be a shared entity, as long as it has a different default
currency than its parent. To specify exchange rates, you do not need to set up multiple currencies
when creating an application; you can do it later in Data Management. Reference: Oracle Financial
Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31; [Oracle
Financial Consolidation and Close Cloud Service User’s Guide], page 5-16.

www.dumpsplanet.com
Question: 5

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. Journal

B. Financial

C. Intercompany

D. Consolidation

Answer: D
Explanation:

The type of report that you can run to display all adjustments to account balances of child entities
for a parent, including journal adjustments, intercompany eliminations, and adjustments from
consolidation rules, is a Consolidation report. This report shows the details of how consolidated data
is calculated for each account in each entity. You can view the source data, adjustments,
eliminations, ownership percentage, currency translation, rounding differences, and consolidated
data for each account. The other types of reports do not show all adjustments. A Journal report
shows only journal adjustments, a Financial report shows only consolidated data without details,
and an Intercompany report shows only intercompany eliminations. Reference: Oracle Financial
Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 35;
[Oracle Financial Consolidation and Close Cloud Service User’s Guide], page 7-8.

www.dumpsplanet.com
 2025

About dumpsplanet.com

dumpsplanet.com's free demo will give you a complete product idea. We provide latest & high
quality IT / Business Certification Training Exam Questions in PDF Format.

We help you pass any IT / Business Certification Exams with 100% Pass Guaranteed. Especially
Microsoft, Cisco, CompTIA, Citrix, EMC, HP, Oracle, VMware, Juniper, Check Point, LPI, Nortel,
EXIN and so on.

View list of all certification exams: All Exams

Start Your 1Z0-1081-25 Preparation

[Limited Time Offer] Use Coupon 'dp25%' for extra 25% discount on the purchase of PDF Dumps.
Test your 1Z0-1081-25 preparation with actual 1Z0-1081-25 exam questions.

We prepare state-of-the art practice tests Questions for All IT certification exams. You can reach us
with from Contact Us Page. Any problems about IT certification or our products, you can write us
back and we will get back to you within 24 hours.

www.dumpsplanet.com