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[Hardware] Oracle 1Z0-1081-24 Exam Cost | Reliable 1Z0-1081-24 Learning Materials

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【Hardware】 Oracle 1Z0-1081-24 Exam Cost | Reliable 1Z0-1081-24 Learning Materials

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q122-Q127):NEW QUESTION # 122
Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?
  • A. An extra custom dimension is available.
  • B. The ICP dimension is omitted.
  • C. Data can be stored by the intercompany partner but no eliminations occur.
  • D. The FCCS No Intercompany member of the ICP dimension is used for all data.
Answer: B
Explanation:
The Intercompany Data feature is an optional feature that enables intercompany eliminations and reporting in Financial Consolidation and Close (FCC). If this feature is not enabled when the FCC business process is created, the ICP dimension is omitted from the application. This means that data cannot be stored by the intercompany partner and no eliminations occur. The FCCS No Intercompany member of the ICP dimension is used for all data only if the feature is enabled but no intercompany transactions are entered. An extra custom dimension is not available regardless of whether the feature is enabled or not.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 18; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-10.

NEW QUESTION # 123
You need
a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
  • A. Consolidation Report
  • B. Journal Report
  • C. Financial Report
  • D. Intercompany Report
Answer: A

NEW QUESTION # 124
Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?
  • A. The parent entity has a different currency than the child.
  • B. An ownership percentage for the entity other than 100 was entered.
  • C. A rate was entered into the FCCS_Rate Override account.
  • D. An intercompany elimination was performed.
Answer: D

NEW QUESTION # 125
Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
  • A. To specify exchange rates you must set up multiple currencies when creating an application.
  • B. Reporting currencies have been defined in the Currency dimension.
  • C. The child entity is NOT a shared entity.
  • D. The default currency of the child is different from the default currency of the parent.
Answer: B,D
Explanation:
The two conditions that are required for foreign currency translation to take place during the default consolidation process are:
The default currency of the child is different from the default currency of the parent.
Reporting currencies have been defined in the Currency dimension.
These conditions ensure that there is a need and a way to translate the child entity's data into another currency. If the child entity has the same default currency as the parent, there is no need for translation. If reporting currencies have not been defined in the Currency dimension, there is no way to specify exchange rates or translation methods. The other options are not required for foreign currency translation. The child entity can be a shared entity, as long as it has a different default currency than its parent. To specify exchange rates, you do not need to set up multiple currencies when creating an application; you can do it later in Data Management.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-16.

NEW QUESTION # 126
For data load rules in Data Management, which two statements are FALSE?
  • A. End users can upload a file when running a data load rule.
  • B. Valid load types are Merge and Replace.
  • C. A job must first run to import the data file before the user can run the data load rule.
  • D. If specified, the import format will be used; if not, then the location's format will be used.
  • E. Data load rules cannot be shared across locations.
Answer: B,C

NEW QUESTION # 127
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