Online Access Free 1Z0-1081-21 Exam Questions

P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

• A.February should be consolidated, after which the cash at AceCo is now 65.
• B.January should be consolidated for the change and nothing needs to happen for February.
• C.January and February should be consolidated.
• D.There is no way to do a prior period entry like this.

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

• A.you can't load data to this account
• B.add amounts consolidated to the parent
• C.subtract amounts consolidated to the parent
• D.this setting will not affect additions or subtractions to the next parent

For which threelevels can Profiles be set in Data Management?

• A.Source System
• B.Application
• C.User
• D.Category
• E.System

Which three scenarios result in foreign currencytranslation during the default consolidation process? (Choose three.)

• A.A shared entity has a parent with a different currency.
• B.A base entity currency has a parent entity with a different default currency.
• C.A base entity currency has a parent entity with a matching default currency.
• D.A parent entity has a different currency from its parent.
• E.A parent entity hasthe same default currency as its parent.

Which two statements are correct with regard to Data Management locations? (Choose two.)

• A.A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
• B.The logic account group is required in order to effect running of calculations after the data load.
• C.Locations can share dimension member mappings by specifying a location as a parent location of others.
• D.Location securityallows users to be provisioned in Shared Services for read or modify access to each location.
• E.Locations must specify an import format, which may be used by other locations.
• F.Data load rules can be shared across locations.