PASS GUARANTEED 1Z0-1081-24 - NEWEST PRINTABLE ORACLE FINANCIAL CONSOLIDATION AND CLOSE 2024 IMPLEMENTATION PROFESSIONAL PDF

Pass Guaranteed 1Z0-1081-24 - Newest Printable Oracle Financial Consolidation and Close 2024 Implementation Professional PDF

Pass Guaranteed 1Z0-1081-24 - Newest Printable Oracle Financial Consolidation and Close 2024 Implementation Professional PDF

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q47-Q52):

NEW QUESTION # 47
When do you enable submission phases for your approval process?

  • A. When you assign the approval unit hierarchy to a scenario, period, and year
  • B. When you start the approval process for an approval unit on the Manage Approvals page
  • C. When you set up the approval unit hierarchy
  • D. When you set the member properties for the entity

Answer: C

Explanation:
You enable submission phases for your approval process when you set up the approval unit hierarchy. Submission phases are optional steps that allow you to control the order and timing of data submission by different entities or groups of entities. You can define up to four submission phases for each approval unit hierarchy and assign entities to different phases. You can also set dependencies between phases to ensure that data is submitted in a sequential manner. Submission phases are not enabled when you start the approval process for an approval unit on the Manage Approvals page, when you set the member properties for the entity, or when you assign the approval unit hierarchy to a scenario, period, and year.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 28-29; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 6-9.


NEW QUESTION # 48
Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

  • A. Parent account calculations depend on the sequencing.
  • B. Each period in the year must consolidate separately.
  • C. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
  • D. There is no reason to consolidate years sequentially.

Answer: C

Explanation:
The reason why years should be consolidated sequentially; i.e., first 2018, then 2019, then 2020, is to ensure that rollforward calculations are correct. Rollforward calculations are calculations that track the changes in balance sheet accounts from one period to another. For example, if an account has an opening balance of 100 in 2018 and a closing balance of 120 in 2018, the rollforward calculation will show a movement of 20 for 2018. If the same account has a closing balance of 150 in 2019, the rollforward calculation will show a movement of 30 for 2019. However, if the years are not consolidated sequentially, the rollforward calculations will not be accurate. For example, if 2019 is consolidated before 2018, the rollforward calculation will show a movement of -50 for 2018, which is incorrect. The other options are not reasons why years should be consolidated sequentially. Parent account calculations do not depend on the sequencing, each period in the year does not need to consolidate separately, and there is a reason to consolidate years sequentially.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 24; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-7.


NEW QUESTION # 49
Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

  • A. Options tab of the Application Details dialog box
  • B. Location Attributes section of the Create Integration dialog box
  • C. Execute Integration dialog box
  • D. Workbench

Answer: A

Explanation:
The place in Data Integration where you specify the default member for the Multi-GAAP dimension is the Options tab of the Application Details dialog box. This is where you can set default members for any dimension that is not mapped in your integrations. The default member for Multi-GAAP will be used when loading data from sources that do not have multiple GAAPs. The other options are not places where you specify the default member for Multi-GAAP. The Workbench is where you define source files and mappings, but not default members. The Execute Integration dialog box is where you run integrations, but not specify default members. The Location Attributes section of the Create Integration dialog box is where you select target applications and scenarios, but not default members.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 41; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 9-6.


NEW QUESTION # 50
You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

  • A. Tile
  • B. Gauge
  • C. Line
  • D. Bar

Answer: A

Explanation:
To display a single value in a financial dashboard from a single cell in a form, you would select a Tile chart. A Tile chart is a type of chart that shows a single value with an optional label and icon. You can use a Tile chart to highlight a key performance indicator or a summary metric from your data. The other types of charts, such as Bar, Gauge, and Line, are not suitable for displaying a single value from a single cell. They are used to display multiple values or comparisons across different dimensions or categories.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 53; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 4-10.


NEW QUESTION # 51
What can the Intercompany Dimension be enabled and made visible within your application?

  • A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
  • B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
  • C. during application creation and selecting the Multi-source Data Input of Other Data
  • D. during application creation and selecting the Intercompany Data feature option

Answer: D


NEW QUESTION # 52
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