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Exam 1z0-1081-20 topic 1 question 12 discussion

Actual exam question from Oracle's 1z0-1081-20
Question #: 12
Topic #: 1
[All 1z0-1081-20 Questions]

Which two statements are true of the roll forward calculation in the Movement dimension?

  • A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
  • B. Translated values for Closing Balance are adjusted to the ending rate for the period.
  • C. Values for Opening Balance are retrieved from the prior period Closing Balance.
  • D. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
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Suggested Answer: BC 🗳️
If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.
Opening balance is calculated from the prior period's Closing Balance.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html
by hosin1 at June 21, 2022, 10:34 a.m.

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hosin1
2 years, 11 months ago
B,C are correct
upvoted 1 times
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