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1Z0-1081-24 valid study dumps &1Z0-1081-24 actual prep torrentNowadays passing the 1Z0-1081-24 test certification is extremely significant for you and can bring a lot of benefits to you. Passing the 1Z0-1081-24 test certification does not only prove that you are competent in some area but also can help you enter in the big company and double your wage. And our 1Z0-1081-24 Exam Questions are in good quality. As long as you study with our 1Z0-1081-24 learning guide, you will find that the content is easily to understand and the displays are enjoyable. Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q23-Q28):NEW QUESTION # 23
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
NEW QUESTION # 24
Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?
A. An intercompany elimination was performed.
B. The parent entity has a different currency than the child.
C. A rate was entered into the FCCS Rate Override account.
D. An ownership percentage for the entity other than 100 was entered.
Answer: D
Explanation:
The statement that explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member is: An ownership percentage for the entity other than 100 was entered. This means that the entity is not fully owned by its parent, and therefore its data is adjusted by the ownership percentage when it is consolidated. The FCCS_Entity Input member shows the data before consolidation, while the FCCS_Proportion member shows the data after applying the ownership percentage. The other options do not explain why the data might be different. A rate entered into the FCCS Rate Override account affects the currency translation, not the consolidation. The parent entity having a different currency than the child also affects the currency translation, not the consolidation. An intercompany elimination is performed after consolidation, not before, and it affects the FCCS_Eliminations member, not the FCCS_Proportion member.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 31; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-9.
NEW QUESTION # 25
Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)
A. FX Rates - Historical
B. FX Rates - Opening
C. FX Rates - Average
D. FX Rates - None
E. FX Rates - Ending
Answer: C,E
Explanation:
When configuring default translation methods for Flow and Balance accounts, two rate account options are available: FX Rates - Average and FX Rates - Ending. These rate account options determine which exchange rate is used to translate data from local currency to reporting currency. FX Rates - Average uses the average exchange rate for the period, which is suitable for flow accounts that capture movements within the period. FX Rates - Ending uses the ending exchange rate for the period, which is suitable for balance accounts that represent a point in time. The other rate account options, such as FX Rates - Historical, FX Rates - Opening, and FX Rates - None, are not available when configuring default translation methods for Flow and Balance accounts.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 48; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-2.
NEW QUESTION # 26
Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
A. FCCS_CashFlow_Operating movement member
B. FCCS_Total Balance Sheet - Cash and NonCash account member
C. FCCS_CashFlow_Accounts Payable account member
D. FCCS_Accounts Payable account member
E. FCCS_CashChange movement member
Answer: B,C
NEW QUESTION # 27
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
A. Period, Scenario, Base Entity and Parent Entity
B. Scenario, View, Parent Entity and Account
C. Scenario, Account, Base Entity and Parent Entity
D. Year, Scenario, Base Entity and Account
Answer: A
NEW QUESTION # 28
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