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Exam 1z0-982 topic 1 question 54 discussion

Actual exam question from Oracle's 1z0-982
Question #: 54
Topic #: 1
[All 1z0-982 Questions]

A company has enabled the Financials business process and now would like to make changes to the initial configuration.
Which three changes can be made after the initial setup of the Financials framework? (Choose three.)

  • A. Disabling already enabled features
  • B. Enabling Rolling Forecast
  • C. Enabling Income Statement
  • D. Enabling Expense
  • E. Removing custom dimensions
  • F. Adding custom dimensions
Show Suggested Answer Hide Answer
Suggested Answer: CDF 🗳️
C: Financials offers three different Income Statement formats. The account groupings created are based on your selection to produce an Income Statement. You can select both Gross Margin and Contribution Margin reporting. Contribution Margin adds rollup accounts. Additional Options adds rollups to the income statement hierarchy. Requires Revenue and Expense planning.
D: Enable common expense accounts for planning purposes. Enable significant expense categories to perform driver based planning. For example, if you enable compensation, salary expense will be derived using headcount and average salary. You can enable drivers at any time.
F: If you are enabling features for the first time, you must define all custom dimensions. You cant define these later.
Incorrect Answers:
A: You cant disable features later.
References: https://docs.oracle.com/cloud/latest/pbcs_common/EPBCA/fin_enabling_financials_features_110xdb25742f.htm#EPBCA-GUID-2EAD222E-6ACB-
4FC1-BB60-7C207BD96C7F
by Gomez94 at Nov. 22, 2019, 5:55 p.m.

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Gomez94
Highly Voted 5 years, 8 months ago
Correct Answer: B, C, D
upvoted 6 times
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