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The Oracle Financial Consolidation and Close 2022 Implementation Professional exam is intended for individuals who have a strong understanding of financial consolidation and close processes and have experience in implementing Oracle Financial Consolidation and Close Cloud Service solutions. This certification exam is ideal for professionals who are responsible for implementing and managing the Oracle FCCS application, including IT managers, implementation consultants, and system administrators. The exam covers a wide range of topics, including financial consolidation and close processes, data integration, security, and reporting, providing a comprehensive understanding of the FCCS application. This certification demonstrates the candidates' ability to implement and manage Oracle FCCS solutions, making them valuable assets to any organization.

Oracle 1z0-1081-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Create consolidation journals and consolidation journal templates Describe Financial Consolidation and Close features
Topic 2	Assign security access to dimension members Describe valid and invalid intersection rules
Topic 3	Configure Opening and Closing Balance System Rules Explain Intercompany Entity Aggregation Options
Topic 4	Assign approval groups to an approval unit hierarchy Add members to the Currency and Movement dimensions
Topic 5	Create custom consolidation calculations with Configurable Calculations and On Demand Rules Financial Consolidation and Close Overview
Topic 6	Build Out Your Financial Consolidation and Close Solution Create journal, intercompany, and consolidation reports
Topic 7	Configure statutory consolidations using Ownership Management and Consolidation Methods Describe Period and Movement as Dense dimensions (DSO)

To become an Oracle Financial Consolidation and Close 2022 Implementation Professional, candidates must pass the Oracle 1z0-1081-22 exam. The exam consists of 60 multiple-choice questions and has a time limit of 105 minutes. The questions are designed to test the candidate's understanding of FCC 2022 features and functionality, as well as their ability to apply their knowledge to real-world scenarios.

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Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q46-Q51):

NEW QUESTION # 46
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A. Intercompany Entity
B. Plug Account
C. Is Plug Account
D. Intercompany Account

Answer: C

NEW QUESTION # 47
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

A. FCCS_Intercompany Eliminations
B. FCCS_No Data Source
C. FCCS_PCON
D. FCCS_Journal Input

Answer: A,D

Explanation:
Optional - Only if selected during application creation. Reference: https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII- 20191116111928.pdf

NEW QUESTION # 48
Which item describes the use for the Currency dimension property Triangulation Currency?

A. The ability to force translations
B. The ability to input foreign exchange rates
C. The ability to calculate foreign exchange rates
D. The ability to calculate CTA (Cumulative Translation Adjustment)
E. The ability to report in multiple currencies

Answer: C

NEW QUESTION # 49
In the
Movement dimension, for which two can you modify the default translation calculation?

A. Opening Balance
B. Opening Balance Input
C. Base-level members under FCCS_Mvmts Subtotal
D. Closing Balance

Answer: A,C

Explanation:
Reference:
http://www.allreadable.com/3128VWfe

NEW QUESTION # 50
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

A. Expanded vs. single data segments
B. Report performance
C. Designing dynamic reports
D. Suppress missing blocks

Answer: D

NEW QUESTION # 51
......

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