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Oracle Exam 1Z0-1081-23 Topic 1 Question 13 Discussion

Actual exam question for Oracle's 1Z0-1081-23 exam
Question #: 13
Topic #: 1
[All 1Z0-1081-23 Questions]

Which statement is FALSE about running consolidations?

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Suggested Answer: D

The result of enabling the Calculate Movements system rule is: Closing Balance is aggregated from Opening Balance and the current period's movement value. The Calculate Movements system rule is a predefined rule that calculates the movement values for each account based on the opening balance and closing balance input values. The rule also aggregates the closing balance from the opening balance and the current period's movement value. The rule can be executed manually or automatically depending on the application settings. The other options are not results of enabling the Calculate Movements system rule.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 59-60; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-4.


by Elvera at Jun 22, 2024, 02:47 AM

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Avery
9 months ago
I'll have to go with D. Can't go wrong with a good old-fashioned balance calculation, am I right?
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Justine
9 months ago
A is a bit too restrictive, don't you think? Read-only for Level 0 members? That could be a pain.
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Margret
8 months ago
User 3
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Rosendo
8 months ago
User 2
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Ardella
8 months ago
User 1
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Edwin
8 months ago
A is a bit too restrictive, don't you think? Read-only for Level 0 members? That could be a pain.
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Nicolette
8 months ago
C) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
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Buffy
9 months ago
B) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
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Maira
10 months ago
C is interesting, but I'm not sure it's the primary function of the Calculate Movements rule. Seems more like a side benefit.
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Zona
9 months ago
B) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
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Howard
9 months ago
A) Level 0 movement members become read only in web forms, and must be populated through data load.
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Vashti
10 months ago
I'd go with B. Calculating the movement as the difference between Closing and Opening Balance sounds like a straightforward way to do it.
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Veronika
10 months ago
I agree with Eric, the movement value is calculated based on the opening and closing balances.
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Dean
10 months ago
Option D seems the most logical to me. It makes sense that the Closing Balance would be calculated from the Opening Balance and the current period's movement.
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Joanna
9 months ago
Definitely, it simplifies the process and reduces the risk of errors.
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Nu
9 months ago
That's true, it helps ensure accuracy in the financial calculations.
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Kiley
9 months ago
I agree, it does make sense for the Closing Balance to be aggregated from the Opening Balance and the current period's movement value.
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Lacey
10 months ago
Option D seems the most logical to me.
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Scarlet
10 months ago
But enabling Calculate Movements rule calculates the movement value, not make level 0 members read only.
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Eric
10 months ago
I disagree, I believe the correct answer is B.
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Scarlet
11 months ago
I think the answer is A.
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