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

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

Which statement about Opening Balance Override rules is true?

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Suggested Answer: D

The statement that is true about Opening Balance Override rules is: You can select which accounts to include in the rule scope. Opening Balance Override rules are a type of business rules that allow you to override the opening balance values for selected accounts in selected entities. You can use these rules to adjust opening balances for specific scenarios or periods without affecting prior periods or other scenarios. You can select which accounts to include in the rule scope by using member selection or member formulas. The other statements are not true about Opening Balance Override rules. They are not available only if Intercompany Data with Tracking is enabled for the business process, they execute for any period in the year, not just the first one, and you cannot select which entities to include in the rule scope, only the parent entity.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 63-64; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-2.


by Clorinda at Mar 17, 2024, 12:44 AM

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Ramonita
6 months ago
I'm not sure about the right answer, but I think D) You can select which accounts to include in the rule scope is also a possibility.
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Winfred
6 months ago
I agree with Deandrea, A) makes sense because it sounds like a requirement for the rules to work properly.
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Deandrea
7 months ago
I disagree, I believe the correct answer is A) They are available only if Intercompany Data with Tracking is enabled for the business process.
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Melissia
7 months ago
I think the answer is C) You can select which entities to include in the rule scope.
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