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1Z0-1081-20

Exam Code: 1Z0-1081-20

Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials

Version: V13.95

Q & A: 202 Questions and Answers

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NEW QUESTION: 1
Admitted assets are those specifically prescribed by the NAIC Accounting Practices and Procedures Manual or prescribed or permitted by the various jurisdictions. An admitted asset is defined as having probable future economic benefits. It also has three essential characteristics. Which one of the following is out of those characteristics?
A. It embodies a probable future benefit which contributes to cash flow
B. All of these
C. A particular entity can obtain this benefit
D. The transaction giving rise to entity's right to control the benefit has already occurred
Answer: B

NEW QUESTION: 2
A company is interested in providing customers with incentives to try its store branded products instead of name branded products. Through a loyalty program, customers share their purchase information with the company and are rewarded withloyaltypoints.
Which two data points are necessary to meet the requirements? {Choose two.)
A. Zip codes
B. Price data
C. Product Categories
D. Rewards ID
E. Household size
Answer: C,D

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