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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q112-Q117):

NEW QUESTION # 112
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. Gauge
B. Tile
C. Line
D. Bar

Answer: B

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 # 113
Which statement is FALSE about the Equity Pickup feature?

A. Equity Pickup rules run as part of the consolidation process
B. Seeded rule sets are provided for Equity Pickup.
C. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
D. Equity Pickup rules are run on demand from the Rules card by users with launch permission.

Answer: C

Explanation:
The statement that is false about the Equity Pickup feature is: Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled. This is false because Equity Pickup does not require Ownership Management to be enabled; it can work with either Ownership Management or Ownership Data Source as long as they have equity accounts defined. The other statements are true about the Equity Pickup feature. Seeded rule sets are provided for Equity Pickup, which can be customized or copied as needed. Equity Pickup rules run as part of the consolidation process, after currency translation and before intercompany eliminations. Equity Pickup rules can also be run on demand from the Rules card by users with launch permission.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 33;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-22.

NEW QUESTION # 114
What action requires refreshing the database?

A. You edit the alias for a member in the Entity dimension.
B. You edit the Consolidation Operator for a member in the Account dimension.
C. You change the ownership percentage for an entity.
D. You deploy a new Configurable Calculation rule in Calculation Manager.

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 # 115
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

A. From Currency
B. Currency
C. Entity
D. Account

Answer: A

NEW QUESTION # 116
For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A. All parent members in the Account dimension must have a Solve Order value of 58.
B. You cannot add member formulas to members of the Movement dimension.
C. The View dimension stores only periodic data.
D. Account is a Sparse dimension.

Answer: A

Explanation:
The statement that is false about when Intercompany Data is enabled is: All parent members in the Account dimension must have a Solve Order value of 58. This statement is not true because the Solve Order value of 58 is only required for the parent members of the Movement dimension, not the Account dimension. The Solve Order value determines the order of calculation for members with formulas. The Movement dimension uses a Solve Order value of 58 to ensure that the movement calculations are performed after the account calculations. The other statements are true about when Intercompany Data is enabled. Tracking intercompany eliminations is optional, intercompany accounts are assigned plug accounts, intercompany entities must be children of the same parent for eliminations, and the Intercompany Entity attribute must be set to Yes to store intercompany data.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 18-19; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-10.

NEW QUESTION # 117
......

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1Z0-1081-24 Exam Simulator Free - Popular 1Z0-1081-24 Exams

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q112-Q117):

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