1Z0-1081-21: Oracle Financial
Consolidation and Close 2021
Implementation Essentials Certification
Exam Questions and Answers
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Consolidation and Close Implementation Essentials
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01. On what days during the month does Oracle apply
patch updates to fix bugs, apply code optimizations, and
add new features?
a) the third Friday of each month to apply to both TEST
and PROD simultaneously
b) the first and third Monday of each month; first Monday
for TEST and third Monday for PROD
c) the second and fourth Friday of each month; second
Friday for TEST and fourth Friday for PROD
d) the first and third Friday of each month; first Friday for
TEST and third Friday for PROD d) the first and third
Friday of each month; first Friday for TEST and third
Friday for PROD
02. When creating an application in Financial
Consolidation and Close (FCCS), what Time Periods
sections can be made?
a) 12-month, 13-month and a 14-month
b) 12-month and 13-month
c) 12-month only
d) Any number of months can be selected b) 12-month
and 13-month
03. Financial Consolidation and Close Cloud Service
(FCCS) provides a consolidation path through which
dimension combination?
a) Consolidation, Currency, Account
b) Currency, Account, Movement
c) Entity, Consolidation, Currency
d) Entity, Currency, Account b) Currency, Account,
Movement
04. What is the primary function of enabling the Track
Intercompany Elimination option during the application
creation?
a) enables the application to perform Intercompany
eliminations
b) enables the application to include Intercompany data.
c) process will separate total elimination values by Data
Source.
d) enables the Elimination member in the Consolidation
dimension. c) process will separate total elimination
values by Data Source.
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