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?

Select the Consolidation template when setting up the Approval Unit hierarchy.
Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
Select users with the Service Administrator security role.
Delete the default Approval Unit hierarchy.

Answer(s): B

Show Answer Next Question

QUESTION: 2

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

From the Home page, select Tools, and then Clone Snapshot.
Open the form, select Actions, and then Export.
From the Home page, select Tools, and then Migration.
From the Navigator menu, select Forms.

Answer(s): B

Show Answer Next Question

QUESTION: 3

Which statement is FALSE about running consolidations?

When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
When you consolidate a parent, children with the Impacted calculation status are also consolidated.
When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

Answer(s): C

Show Answer Next Question

QUESTION: 4

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

The child entity is NOT a shared entity.
The default currency of the child is different from the default currency of the parent.
Reporting currencies have been defined in the Currency dimension.
To specify exchange rates, you must set up multiple currencies when creating an application.

Answer(s): B,C

Show Answer Next Question

Free Oracle 1z0-1081-23 Exam Braindumps (page: 2)

Pass your Oracle Financial Consolidation and Close 2023 Implementation Professional exam with these free Actual Questions and Answers

QUESTION: 1

QUESTION: 2

QUESTION: 3

QUESTION: 4

1z0-1081-23 Exam Discussions & Posts