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To be eligible for the Oracle 1z0-1081-22 Certification Exam, candidates must have a minimum of one year of experience in implementing Oracle FCC. They should also have experience in working with Oracle FCC applications, managing consolidation rules and data maps, and creating consolidation reports. Candidates should also have knowledge of accounting principles and financial reporting.

The Oracle 1z0-1081-22 exam covers a range of topics related to FCC 2022, including data management, metadata management, consolidation and close process, intercompany transactions, and financial reporting. Candidates will be tested on their knowledge of these topics and their ability to apply this knowledge to real-world scenarios.

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To be eligible for the Oracle 1z0-1081-22 certification exam, candidates must have experience in implementing and managing financial consolidation and close solutions using Oracle software. They should also have a strong understanding of financial processes and reporting requirements. The exam consists of 60 multiple-choice questions and must be completed within 105 minutes. A passing score of 64% or higher is required to earn the certification. Upon successful completion of the exam, candidates will receive the Oracle Financial Consolidation and Close 2022 Implementation Professional certification, which is recognized worldwide as a symbol of expertise and excellence in financial consolidation and close.

Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q115-Q120):

NEW QUESTION # 115
You are
required to create a form that allows users to input dat
a. Which three actions are consistent with this?

A. Select level 0 dimension members for the POV, rows, and columns.
B. Set the consolidation member on the form to FCCS_Entity Input.
C. Grant the data input users WRITE access to the dimension members used on the form.
D. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
E. Set the currency on the form to Parent Currency.

Answer: A,B,C

Explanation:
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference:
form_design_considerations.html
https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html

NEW QUESTION # 116
Which four
sample ratios can be selected during business process creation?

A. Contribution Margin
B. Gross Margin
C. Earnings per Share
D. Days Sales in Receivables
E. Debt Ratio
F. Inventory Ratios

Answer: A,B,C,D

NEW QUESTION # 117
A company has two subsidiaries with 1000 EURO each in the Cash account.
Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)

A. FCCS_Entity Input
B. FCCS_Entity Consolidation
C. FCCS_Entity Total
D. FCCS_Elimination
E. FCCS_Proportion
F. FCCS_Contribution

Answer: A,B,C,F

NEW QUESTION # 118
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A. Local Currency
B. Parent Currency
C. Base Currency
D. Entity Currency

Answer: D

Explanation:
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.

NEW QUESTION # 119
Which statement is FALSE when enabling a Multi-GAAP application?