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Oracle Exam 1Z0-1081-23 Topic 1 Question 3 Discussion

Actual exam question for Oracle's 1Z0-1081-23 exam
Question #: 3
Topic #: 1
[All 1Z0-1081-23 Questions]

Which statement is FALSE about when Intercompany Data is enabled?

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Suggested Answer: C

The statement that is false about when Intercompany Data is enabled is: In order for intercompany data to be eliminated, intercompany entities must be children of the same parent. This statement is not true because intercompany data can be eliminated even if intercompany entities are not children of the same parent, as long as they share a common ancestor entity in the Entity dimension hierarchy. For example, if Entity A and Entity B are siblings under Entity C, and Entity A has an intercompany transaction with Entity B, the intercompany data will be eliminated at Entity C level. The other statements are true about when Intercompany Data is enabled. Tracking intercompany eliminations is optional, intercompany accounts are assigned plug accounts, and the Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.Reference:Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 18-19; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-11.


by Lemuel at Mar 17, 2024, 09:59 PM

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Rashad
7 months ago
Actually, I think C is the false statement. Intercompany entities don't need to have the same parent to be eliminated.
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Detra
7 months ago
I'm with Vesta on this one, D makes more sense to me.
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Vesta
7 months ago
I disagree, I believe the answer is D. The Intercompany Entity attribute must be set to Yes.
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Richelle
7 months ago
I think the answer is A, tracking intercompany eliminations is optional.
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