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

NEW QUESTION # 78
Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data.
B. The dimension aggregates input, consolidated, and elimination data together.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension uses a separate member to store data from an entity's descendants.

Answer: C

NEW QUESTION # 79
How do you navigate if you want to export a form to a Snapshot file?

A. From the Navigator menu, select Forms.
B. From the Home page, select Tools, and then Clone Snapshot.
C. Open the form, select Actions, and then Export.
D. From the Home page, select Tools, and then Migration.

Answer: C

Explanation:
To export a form to a Snapshot file, you need to open the form, select Actions, and then Export. This will create a Snapshot file that contains the form definition and data. You can use this file to import the form to another application or environment. The other options are not related to exporting forms. Clone Snapshot is used to copy an existing Snapshot file, Migration is used to migrate artifacts between applications or environments, and Forms is used to create or edit forms.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 23; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 4-10.

NEW QUESTION # 80
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
B. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
C. Drill-back to SDM is not an available feature.
D. By selecting Track Multi-source Data Input option for Other Data during the application creation process.

Answer: A

NEW QUESTION # 81
Which statement is FALSE about running consolidations?

A. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
B. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
D. When you consolidate a parent, children with the Impacted calculation status are also consolidated.

Answer: C

Explanation:
The statement that is false about running consolidations is: When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated. This is false because running consolidation for a child entity only affects the child entity and its descendants, not the parent entity or its siblings. The parent entity will only be re-consolidated if it has the Impacted calculation status or if you use the Force Consolidate option. The other statements are true about running consolidations.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 29; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-7.

NEW QUESTION # 82
Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A. The FCCS No Intercompany member of the ICP dimension is used for all data.
B. An extra custom dimension is available.
C. The ICP dimension is omitted.
D. Data can be stored by the intercompany partner but no eliminations occur.

Answer: C

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 # 83
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Where to Begin Your Oracle 1Z0-1081-24 Exam Preparation? Let Us Guide You

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

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