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NEW QUESTION # 45
You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?
- A. Line
- B. Gauge
- C. Tile
- D. Bar
Answer: C
Explanation:
To display a single value in a financial dashboard from a single cell in a form, you would select a Tile chart. A Tile chart is a type of chart that shows a single value with an optional label and icon. You can use a Tile chart to highlight a key performance indicator or a summary metric from your data. The other types of charts, such as Bar, Gauge, and Line, are not suitable for displaying a single value from a single cell. They are used to display multiple values or comparisons across different dimensions or categories.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 53; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 4-10.
NEW QUESTION # 46
A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
- A. Add custom Movement members to the FCCS_CashFlow hierarchy.
- B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
- C. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
- D. Create a Roll Forward in the account dimension.
- E. Load detailed Fixed Asset data to Movement members.
Answer: B,C,E
NEW QUESTION # 47
Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
- A. Reporting currencies have been defined in the Currency dimension.
- B. To specify exchange rates you must set up multiple currencies when creating an application.
- C. The child entity is NOT a shared entity.
- D. The default currency of the child is different from the default currency of the parent.
Answer: A,D
Explanation:
The two conditions that are required for foreign currency translation to take place during the default consolidation process are:
The default currency of the child is different from the default currency of the parent.
Reporting currencies have been defined in the Currency dimension.
These conditions ensure that there is a need and a way to translate the child entity's data into another currency. If the child entity has the same default currency as the parent, there is no need for translation. If reporting currencies have not been defined in the Currency dimension, there is no way to specify exchange rates or translation methods. The other options are not required for foreign currency translation. The child entity can be a shared entity, as long as it has a different default currency than its parent. To specify exchange rates, you do not need to set up multiple currencies when creating an application; you can do it later in Data Management.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-16.
NEW QUESTION # 48
Which statement accurately describes alternate hierarchies?
- A. Parent members having the same currency
- B. Single entities having multiple parents
- C. Data must be entered multiple times for shared members
- D. Contribution to parent members are similar
Answer: B
NEW QUESTION # 49
For which task categories is Audit enabled by default?
- A. No task categories
- B. Data only
- C. Journals
- D. All task categories
Answer: D
Explanation:
Audit is enabled by default for all task categories in Financial Consolidation and Close. Audit is a feature that allows you to track the changes made to data, metadata, security, application settings, etc. in Financial Consolidation and Close. You can view the audit records in the Audit page or export them to a file. Audit is enabled by default for all task categories, such as Data, Journals, Metadata, Security, etc., but you can disable it for specific task categories if needed.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 85; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 11-5.
NEW QUESTION # 50
Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)
- A. A base entity currency has a parent entity with a different default currency.
- B. A parent entity has the same default currency as its parent.
- C. A base entity currency has a parent entity with a matching default currency.
- D. A shared entity has a parent with a different currency.
- E. A parent entity has a different currency from its parent.
Answer: A,D,E
NEW QUESTION # 51
When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?
- A. 12-month, 13-month and a 14-month
- B. 12-month only
- C. Any number of months can be selected
- D. 12-month and 13-month
Answer: D
NEW QUESTION # 52
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. No Rate
- C. Dynamic Calc and Store
- D. Dynamic
- E. Never Share
Answer: A
NEW QUESTION # 53
When defining a batch in Data Management, which statement is True?
- A. Each data load rule must specify the period or the batch will default to the POV period.
- B. A batch replaces the need for data load rules.
- C. A batch can load to multiple plan types.
- D. Batches can execute data loads for multiple locations.
- E. Batches can import from source or export to target, but not both.
Answer: D
NEW QUESTION # 54
Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?
- A. Financial Close Management
- B. Account Reconciliation Management
- C. Supplemental Data Management
- D. Process Management
- E. Data Management
Answer: B
NEW QUESTION # 55
If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
- A. Data can be stored by intercompany partner but no eliminations will occur.
- B. The FCCS_No Intercompany member of the ICP dimension is used for all data.
- C. An extra custom dimension is available.
- D. The ICP dimension is omitted.
Answer: B
Explanation:
admin_dimensions_intercompany_124x5ae77515.html
NEW QUESTION # 56
Which two statements are correct with regard to Data Management locations? (Choose two.)
- A. Locations can share dimension member mappings by specifying a location as a parent location of others.
- B. Data load rules can be shared across locations.
- C. The logic account group is required in order to effect running of calculations after the data load.
- D. Locations must specify an import format, which may be used by other locations.
- E. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
- F. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
Answer: A,D
NEW QUESTION # 57
A company
would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
- A. Create a Roll Forward in the account dimension.
- B. Add custom Movement members to the FCCS_CashFlow hierarchy.
- C. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
- D. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
- E. Load detailed Fixed Asset data to Movement members.
Answer: A,B,E
NEW QUESTION # 58
What information is included in the data extract export file delimited format?
- A. the data load cube name
- B. the application name
- C. the ID of the user performing the extract
- D. the domain and application name
Answer: C
NEW QUESTION # 59
Which two statements are true about the Multi-GAAP feature? (Choose two.)
- A. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
- B. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
- C. You must specify a prefix for entities that use the alternate gap standard.
- D. Select this option if you need to report your financial statements only in IFRS.
Answer: A,B
Explanation:
The two statements that are true about the Multi-GAAP feature are:
When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments. Manual adjustments allow you to enter or load data for different GAAPs separately, while calculated adjustments allow you to define formulas or rules to derive data for different GAAPs from a primary GAAP.
Enabling Multi-GAAP reduces the number of custom dimensions you can have. Multi-GAAP uses one custom dimension slot, so you will have one less custom dimension available for other purposes.
The other statements are false about the Multi-GAAP feature. You do not need to select this option if you need to report your financial statements only in IFRS; you can use IFRS as your primary GAAP without enabling Multi-GAAP. You do not need to specify a prefix for entities that use the alternate GAAP standard; you can use any member name for your alternate GAAP entity.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 37;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-10.
NEW QUESTION # 60
Which three
are seeded data forms created during business process creation?
- A. Exchange Rate Multi-period
- B. Headcount
- C. Data Status
- D. Override Rates
- E. Shares Outstanding
Answer: A,C,D
NEW QUESTION # 61
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Designing dynamic reports
- B. Expanded vs. single data segments
- C. Report performance
- D. Suppress missing blocks
Answer: D
NEW QUESTION # 62
Which statement is FALSE about the Equity Pickup feature?
- A. Equity Pickup rules run as part of the consolidation process
- B. Seeded rule sets are provided for Equity Pickup.
- C. Equity Pickup rules are run on demand from the Rules card by users with launch permission.
- D. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
Answer: D
Explanation:
The statement that is false about the Equity Pickup feature is: Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled. This is false because Equity Pickup does not require Ownership Management to be enabled; it can work with either Ownership Management or Ownership Data Source as long as they have equity accounts defined. The other statements are true about the Equity Pickup feature. Seeded rule sets are provided for Equity Pickup, which can be customized or copied as needed. Equity Pickup rules run as part of the consolidation process, after currency translation and before intercompany eliminations. Equity Pickup rules can also be run on demand from the Rules card by users with launch permission.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 33;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-22.
NEW QUESTION # 63
Which statement correctly describes when a consolidation can occur within a given year/scenario?
- A. The current period consolidation status is Impacted and the remaining periods are OK.
- B. A user has a power user access but only write access to the entity.
- C. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- D. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- E. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
Answer: A
NEW QUESTION # 64
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
- A. 4-4-4-4
- B. 4-4-4-5
- C. 3-3-3-3
- D. 3-3-3-4
Answer: D
NEW QUESTION # 65
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
- A. the third Friday of each month to apply to both TEST and PROD simultaneously
- B. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
- C. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
- D. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
Answer: C
NEW QUESTION # 66
What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?
- A. Add amounts aggregated to the parent.
- B. This setting does not affect aggregation to the parent.
- C. You cannot load data to this account.
- D. Subtract amounts aggregated to the parent.
Answer: A
Explanation:
aggregation_consolidation_operator.html
NEW QUESTION # 67
To which Financial Consolidation and Close dimension(s) do you map Data Management periods?
- A. Period
- B. Period and Year
- C. Period, Year, and View
- D. View
Answer: C
Explanation:
When mapping Data Management periods to Financial Consolidation and Close dimensions, you need to map them to Period, Year, and View dimensions. Data Management is a feature that allows you to load data from external sources into Financial Consolidation and Close using integrations, locations, mappings, etc. When mapping Data Management periods, you need to specify the Period (such as Jan, Feb, Mar, etc.), the Year (such as FY20, FY21, FY22, etc.), and the View (such as Periodic or YTD) for each source period. This ensures that the data is loaded into the correct target period in Financial Consolidation and Close.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 40-41; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 8-5.
NEW QUESTION # 68
If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?
- A. The associated Intercompany member is automatically removed.
- B. The associated Intercompany member must be manually removed.
- C. The alias of the associated Intercompany member is automatically updated.
- D. The alias of the associated Intercompany member must be manually changed.
Answer: C
NEW QUESTION # 69
For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)
- A. Period
- B. Consolidation
- C. Data Source
- D. Entity
- E. Scenario
- F. Year
Answer: A,D,E,F
Explanation:
Financial Consolidation and Close maintains calculation status for four dimensions: Entity, Period, Scenario, and Year. These dimensions are used to define an approval unit, which is a unit of work that can be calculated, consolidated, translated, and approved. The calculation status indicates the progress of the approval unit through the consolidation process. The other dimensions, such as Data Source, Consolidation, and View, do not have calculation status.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 23-24; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 6-1.
NEW QUESTION # 70
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