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[General] Test 1Z0-1081-24 Pattern & Reliable 1Z0-1081-24 Dumps Ebook

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【General】 Test 1Z0-1081-24 Pattern & Reliable 1Z0-1081-24 Dumps Ebook

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q90-Q95):NEW QUESTION # 90
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
  • A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
  • B. Translated values for Closing Balance are adjusted to the ending rate for the period.
  • C. Values for Opening Balance are retrieved from the prior period's Closing Balance.
  • D. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
Answer: B,C
Explanation:
The two statements that are true about the roll forward calculation in the Movement dimension are:
Translated values for Closing Balance are adjusted to the ending rate for the period. This means that the closing balance values are translated to the parent entity's currency using the exchange rate at the end of the period.
Values for Opening Balance are retrieved from the prior period's Closing Balance. This means that the opening balance values are derived from the closing balance values of the previous period.
The other statements are false about the roll forward calculation in the Movement dimension. Data for opening balances does not need to be loaded to the Opening Balance member prior to consolidation; it is automatically calculated from the prior period's closing balance. Values for base-level Movement members are not calculated as the difference between Closing Balance and Opening Balance; they are calculated as the difference between Closing Balance and Total Input And Adjusted.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 39;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-12.

NEW QUESTION # 91
Which item describes the use for the Currency dimension property Triangulation Currency?
  • A. The ability to input foreign exchange rates
  • B. The ability to calculate foreign exchange rates
  • C. The ability to calculate CTA (Cumulative Translation Adjustment)
  • D. The ability to report in multiple currencies
  • E. The ability to force translations
Answer: B

NEW QUESTION # 92
What action requires refreshing the database?
  • A. You edit the alias for a member in the Entity dimension.
  • B. You deploy a new Configurable Calculation rule in Calculation Manager.
  • C. You change the ownership percentage for an entity.
  • D. You edit the Consolidation Operator for a member in the Account dimension.
Answer: A
Explanation:
The action that requires refreshing the database is editing the alias for a member in the Entity dimension. Refreshing the database is a process that synchronizes the changes made to metadata with the data stored in the database. You need to refresh the database after making changes to metadata that affect data aggregation or calculation, such as editing member names, formulas, consolidation operators, etc. Editing the alias for a member in the Entity dimension is one of such changes, because it affects how data is displayed in reports and forms. The other actions do not require refreshing the database. Deploying a new Configurable Calculation rule in Calculation Manager, changing the ownership percentage for an entity, and editing the Consolidation Operator for a member in the Account dimension do not affect data aggregation or calculation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 21; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-4.

NEW QUESTION # 93
When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)
  • A. Consolidation
  • B. Account
  • C. View
  • D. Movement
Answer: A,C
Explanation:
When using the Copy Data feature to copy data from one scenario, year, or period to another, member selection is not available for the Consolidation and View dimensions. These dimensions are automatically set to Entity Input and Periodic, respectively. Member selection is available for other dimensions, such as Movement, Account, etc., depending on the application settings and security access.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 55; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 7-13.

NEW QUESTION # 94
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_Total Balance Sheet - Cash and NonCash account member
  • B. FCCS_Accounts Payable account member
  • C. FCCS_CashFlow_Operating movement member
  • D. FCCS_CashChange movement member
  • E. FCCS_CashFlow_Accounts Payable account member
Answer: A,E

NEW QUESTION # 95
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