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[Hardware] Valid 1Z0-1081-24 Exam Syllabus & 1Z0-1081-24 Latest Test Prep

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【Hardware】 Valid 1Z0-1081-24 Exam Syllabus & 1Z0-1081-24 Latest Test Prep

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q88-Q93):NEW QUESTION # 88
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
  • A. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
  • B. the third Friday of each month to apply to both TEST and PROD simultaneously
  • C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
  • D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
Answer: D

NEW QUESTION # 89
Which four items are active components of the Currency dimension? (Choose four.)
  • A. Entity Currency Adjustments
  • B. Translated Currencies
  • C. Entity Currency
  • D. Parent Currency
  • E. Input Currencies
  • F. Reporting Currencies
Answer: A,D,E,F
Explanation:
You can create journals using the Entity Currency of the Currency dimension as well as Input Currencies for both Entity Input and Translated Currency Input.

NEW QUESTION # 90
Which item describes the use for the Currency dimension property Triangulation Currency?
  • A. The ability to report in multiple currencies
  • B. The ability to calculate foreign exchange rates
  • C. The ability to input foreign exchange rates
  • D. The ability to calculate CTA (Cumulative Translation Adjustment)
  • E. The ability to force translations
Answer: B

NEW QUESTION # 91
Which two statements are true about the Multi-GAAP feature? (Choose two.)
  • A. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
  • B. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
  • C. Select this option if you need to report your financial statements only in IFRS.
  • D. You must specify a prefix for entities that use the alternate gap standard.
Answer: A,B
Explanation:
The two statements that are true about the Multi-GAAP feature are:
When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments. Manual adjustments allow you to enter or load data for different GAAPs separately, while calculated adjustments allow you to define formulas or rules to derive data for different GAAPs from a primary GAAP.
Enabling Multi-GAAP reduces the number of custom dimensions you can have. Multi-GAAP uses one custom dimension slot, so you will have one less custom dimension available for other purposes.
The other statements are false about the Multi-GAAP feature. You do not need to select this option if you need to report your financial statements only in IFRS; you can use IFRS as your primary GAAP without enabling Multi-GAAP. You do not need to specify a prefix for entities that use the alternate GAAP standard; you can use any member name for your alternate GAAP entity.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 37;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-10.

NEW QUESTION # 92
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)
  • A. FCCS_Elimination
  • B. FCCS_Contribution
  • C. FCCS_Amount_Override
  • D. FCCS_Translation
  • E. FCCS_Proportion
  • F. FCCS_Rate Override
Answer: A,F

NEW QUESTION # 93
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