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[General] High Pass Rate Oracle 1Z0-1081-24 Test Dumps Cram is the best for you - ITPassLe

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【General】 High Pass Rate Oracle 1Z0-1081-24 Test Dumps Cram is the best for you - ITPassLe

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q31-Q36):NEW QUESTION # 31
Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)
  • A. FX Rates - Average
  • B. FX Rates - Historical
  • C. FX Rates - Opening
  • D. FX Rates - Ending
  • E. FX Rates - None
Answer: A,D
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 # 32
What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?
  • A. FCCS Contribution
  • B. FCCS Entity Total
  • C. FCCS Entity Consolidation
  • D. FCCS Totallnput And Adisuted
Answer: C
Explanation:
The member of the Consolidation dimension that represents the aggregated value before proportionalization and elimination is FCCS Entity Consolidation. This is the member that shows the data for each entity after currency translation but before applying ownership percentage, intercompany eliminations, or adjustments. It is also the member where input data for parent entities is stored. The other options are not members of the Consolidation dimension that represent the aggregated value before proportionalization and elimination. FCCS Entity Total is a member of the Account dimension, not the Consolidation dimension. It is used to aggregate data from all accounts in the application. FCCS Total Input And Adjusted is also a member of the Account dimension, not the Consolidation dimension. It is used to aggregate data from input accounts and adjustment accounts. FCCS Contribution is a member of the Consolidation dimension, but it represents the data for each entity after applying ownership percentage, not before.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-8.

NEW QUESTION # 33
In Data Integration, for what purpose do you use Workbench?
  • A. To define dimension mapping
  • B. To edit the data load file format
  • C. To configure data load options
  • D. To review mapping of source to target members
Answer: D
Explanation:
The purpose of using Workbench in Data Integration is to review mapping of source to target members. Workbench allows you to view and edit how source data members are mapped to target application members. You can also validate, test, and run integrations from Workbench. The other options are not purposes of using Workbench in Data Integration. To edit the data load file format, you use File Format Editor. To define dimension mapping, you use Dimension Mapping Editor. To configure data load options, you use Application Details dialog boxOracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 41;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 9-4.

NEW QUESTION # 34
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
  • A. Local Currency
  • B. Entity Currency
  • C. Base Currency
  • D. Parent Currency
Answer: B
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 # 35
Which three scenarios result in foreign currency translation during the default consolidation process?
  • A. A base entity has a different default currency than its parent.
  • B. A parent entity has a different default currency than its parent.
  • C. A shared entity has a different default currency than its parent
  • D. A parent entity has the same default currency as its parent.
  • E. A base entity has the same default currency as its parent.
Answer: A,B,C

NEW QUESTION # 36
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