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The 1z0-1081-22 exam covers a range of topics, including consolidation methods and rules, data mapping and transformation, data collection and reporting, security, and application configuration. The exam consists of 60 multiple-choice questions and has a duration of 105 minutes. The exam can be taken either online or at a Pearson VUE test center.

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The exam consists of 60 multiple-choice questions that must be answered within 120 minutes. To pass the exam, candidates must score at least 63% on the test. The exam covers a range of topics, including financial consolidation and close concepts, data integration, consolidation process management, financial reporting, and security and compliance. Candidates who pass the exam will receive the Oracle Financial Consolidation and Close 2022 Implementation Professional certification.

Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q80-Q85):

NEW QUESTION # 80
Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data.B. The dimension uses a separate member to store data from an entity's descendants.C. The dimension allows users to see input versus journal adjustment data.D. The dimension aggregates input, consolidated, and elimination data together.

Answer: C

NEW QUESTION # 81
Which statement
is true of the default FCCS_ members within an application?

A. You can change the default FCCS_ member prefix at application creation.B. You can change the Name.C. You can change the Alias.D. You can change the Data Storage property.

Answer: C

Explanation:
The member names of the seeded accounts cannot be changed, but the aliases can.
Reference:
3A1613856380969&ei=fH4xYLrqOoj4gQbWz7-oDw&q=default+FCCS_+members+within+an+application+can
+change+the+Alias&oq=default+FCCS_+members+within+an+application+can+change+the
+Alias&gs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXABGD QwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gwswiz&ved=0ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0&uact=5

NEW QUESTION # 82
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. USD must be created as a reporting currency.B. Common Stock must have an Exchange Rate Type set to Historical Rate Override.C. Common Stock must have a Data Storage property set to Never Share.D. The subsidiary must have a parent entity with a GBP currency.E. The subsidiary must have a balance not equal to zero in Common Stock.

Answer: D,E

NEW QUESTION # 83
Which item describes the use for the Currency dimension property Triangulation Currency?

A. The ability to input foreign exchange ratesB. The ability to report in multiple currenciesC. The ability to force translationsD. The ability to calculate CTA (Cumulative Translation Adjustment)E. The ability to calculate foreign exchange rates

Answer: E

NEW QUESTION # 84
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?

A. a columnB. Other Options sectionC. the Point of ViewD. the Page Axis

Answer: C

NEW QUESTION # 85
......

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