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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q78-Q83):

NEW QUESTION # 78
Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
B. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
C. Calculations, dashboards, and reports to provide analysis for cash flow modeling
D. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages

Answer: A

Explanation:
The components that are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution are calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow. These components enable you to perform financial consolidation and close processes with best practices, efficiency, and accuracy. The calculations include predefined consolidation rules, currency translation methods, intercompany eliminations, ownership management, etc. The dashboards and reports provide insights into the consolidation results, process status, data quality, etc. The data source tracking allows you to track the origin and adjustments of data from different sources. The automated cash flow generates cash flow statements based on the movement accounts.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 11-12; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 1-2.

NEW QUESTION # 79
When defining a batch in Data Management, which statement is True?

A. A batch replaces the need for data load rules.
B. Batches can execute data loads for multiple locations.
C. Batches can import from source or export to target, but not both.
D. A batch can load to multiple plan types.
E. Each data load rule must specify the period or the batch will default to the POV period.

Answer: B

NEW QUESTION # 80
When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A. 12-month, 13-month and a 14-month
B. 12-month and 13-month
C. Any number of months can be selected
D. 12-month only

Answer: B

NEW QUESTION # 81
Which statement is correct regarding intercompany eliminations?

A. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
B. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
C. Intercompany eliminations are generally required to remove the effect of transactions within the company.
D. Intercompany eliminations are needed when a company divests itself of a division.

Answer: C

NEW QUESTION # 82
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

A. January should be consolidated for the change and nothing needs to happen for February.
B. February should be consolidated, after which the cash at AceCo is now 65.
C. January and February should be consolidated.
D. There is no way to do a prior period entry like this.

Answer: C

NEW QUESTION # 83
......

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q78-Q83):

2025 Useful 1Z0-1081-24: Oracle Financial Consolidation and Close 2024 Implementation Professional Latest Exam Forum

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