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NEW QUESTION # 77
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. This setting does not affect aggregation to the parent.
- B. You cannot load data to this account.
- C. Add amounts aggregated to the parent.
- D. Subtract amounts aggregated to the parent.
Answer: C
Explanation:
aggregation_consolidation_operator.html
NEW QUESTION # 78
What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?
- A. subtract amounts consolidated to the parent
- B. you can't load data to this account
- C. add amounts consolidated to the parent
- D. this setting will not affect additions or subtractions to the next parent
Answer: A
NEW QUESTION # 79
Which statement is FALSE when setting up Shared Entities?
- A. The Data Storage Member Property must set to "Dynamic Calc".
- B. The calculation status will not change in all instances when data is changed in one instance.
- C. You build an alternate hierarchy by using partial share Entity members.
- D. When data is posted to one shared entity, the data is posted to all instances.
Answer: B
NEW QUESTION # 80
Which two are required fields when registering a source system in Data Management?
- A. Name
- B. Source System Type
- C. Drill Through URL
- D. Cloud Type
Answer: A,C
Explanation:
registering_file-based_source_systems.html
NEW QUESTION # 81
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
- A. By selecting Track Multi-source Data Input option for Other Data during the application creation process.
- B. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
- C. Drill-back to SDM is not an available feature.
- D. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
Answer: D
NEW QUESTION # 82
Which two statements are true about the Multi-GAAP feature? (Choose two.)
- A. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
- B. Select this option if you need to report your financial statements only in IFRS.
- C. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
- D. You must specify a prefix for entities that use the alternate gap standard.
Answer: A,C
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 # 83
For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?
- A. Edit the numbers using a web form or Smart View after consolidating.
- B. Create an on-demand rule in Calculation Manager that you run after consolidation.
- C. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
- D. Click Configurable Consolidation on the Consolidation Process page and create a Configurable
Answer: D
Explanation:
From the Consolidation Process page, select the Consolidated tab, and then selectConfigurable Consolidation.
Click the Create Rule Set.
consolidation_creating_rule_sets.html
NEW QUESTION # 84
Which statement
is false regarding establishing security for Financial Consolidation and Close?
- A. The Identity Domain Administrator inherits full access privileges.
- B. Security can be disabled for any dimension.
- C. Security can be assigned at a prevent level.
- D. All members are accessible for dimensions with no security applied.
- E. Security is mandatory for one dimension.
Answer: D
Explanation:
The Identity Domain Administrator is not a functional role; it does not inherit access privileges granted through functional roles. To access service features, the Identity Domain Administrator must be granted one of the four functional roles in Tax Reporting.
admin_security_predefined_roles_112x5e7954a4.html
NEW QUESTION # 85
In the
Movement dimension, for which two can you modify the default translation calculation?
- A. Base-level members under FCCS_Mvmts Subtotal
- B. Closing Balance
- C. Opening Balance
- D. Opening Balance Input
Answer: A,C
Explanation:
http://www.allreadable.com/3128VWfe
NEW QUESTION # 86
Which four sample ratios can be selected during business process creation? (Choose four.)
- A. Gross Margin
- B. Days Sales in Receivables
- C. Contribution Margin
- D. Earnings per Share
- E. Debt Ratio
- F. Inventory Ratios
Answer: A,B,E,F
Explanation:
The four sample ratios that can be selected during business process creation are Inventory Ratios, Debt Ratio, Days Sales in Receivables, and Gross Margin. These ratios are predefined calculations that can be used to measure the financial performance and position of an entity. You can select one or more of these ratios when creating a business process in Financial Consolidation and Close. The other options, such as Contribution Margin and Earnings per Share, are not sample ratios that can be selected during business process creation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 14; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-6.
NEW QUESTION # 87
Which two statements are true about Enterprise Journals? (Choose two.)
- A. Line items can only include entities that have been enabled for Enterprise Journals.
- B. You can assign a team as preparer or reviewer.
- C. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
- D. You cannot deploy Enterprise Journals to a period with Pending status.
Answer: A,B
Explanation:
The two statements that are true about Enterprise Journals are:
Line items can only include entities that have been enabled for Enterprise Journals. You can enable or disable entities for Enterprise Journals in the Entity dimension properties.
You can assign a team as preparer or reviewer. You can create teams of users and assign them roles in the Enterprise Journal workflow.
The other statements are false. You can deploy Enterprise Journals to a period with any status, as long as it is not locked. Users with either the Service Administrator or Power User role can create Enterprise Journal templates, but they also need the Create Journal Template role assignment.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 25; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 6-2.
NEW QUESTION # 88
What is the result of enabling the Calculate Movements system rule?
- A. Closing Balance is aggregated from Opening Balance and the current period's movement value.
- B. Level 0 movement members become read only in web forms, and must be populated through data load.
- C. The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
- D. To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
Answer: A
Explanation:
The result of enabling the Calculate Movements system rule is: Closing Balance is aggregated from Opening Balance and the current period's movement value. The Calculate Movements system rule is a predefined rule that calculates the movement values for each account based on the opening balance and closing balance input values. The rule also aggregates the closing balance from the opening balance and the current period's movement value. The rule can be executed manually or automatically depending on the application settings. The other options are not results of enabling the Calculate Movements system rule.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 59-60; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-4.
NEW QUESTION # 89
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
- A. Translated values for Closing Balance are adjusted to the ending rate for the period.
- B. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- C. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- D. Values for Opening Balance are retrieved from the prior period's Closing Balance.
Answer: A,D
Explanation:
The two statements that are true about the roll forward calculation in the Movement dimension are:
Translated values for Closing Balance are adjusted to the ending rate for the period. This means that the closing balance values are translated to the parent entity's currency using the exchange rate at the end of the period.
Values for Opening Balance are retrieved from the prior period's Closing Balance. This means that the opening balance values are derived from the closing balance values of the previous period.
The other statements are false about the roll forward calculation in the Movement dimension. Data for opening balances does not need to be loaded to the Opening Balance member prior to consolidation; it is automatically calculated from the prior period's closing balance. Values for base-level Movement members are not calculated as the difference between Closing Balance and Opening Balance; they are calculated as the difference between Closing Balance and Total Input And Adjusted.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 39;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-12.
NEW QUESTION # 90
Which statement is FALSE about when Intercompany Data is enabled?
- A. In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
- B. The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
- C. Intercompany accounts are assigned plug accounts.
- D. Tracking intercompany eliminations is optional.
Answer: A
Explanation:
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.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.
NEW QUESTION # 91
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_No Data Source
- B. FCCS_SystemTypes
- C. FCCS_Data Input
- D. FCCS_Proportion
Answer: D
NEW QUESTION # 92
What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?
- A. FCCS Entity Total
- B. FCCS Totallnput And Adisuted
- C. FCCS Contribution
- D. FCCS Entity Consolidation
Answer: D
Explanation:
The member of the Consolidation dimension that represents the aggregated value before proportionalization and elimination is FCCS Entity Consolidation. This is the member that shows the data for each entity after currency translation but before applying ownership percentage, intercompany eliminations, or adjustments. It is also the member where input data for parent entities is stored. The other options are not members of the Consolidation dimension that represent the aggregated value before proportionalization and elimination. FCCS Entity Total is a member of the Account dimension, not the Consolidation dimension. It is used to aggregate data from all accounts in the application. FCCS Total Input And Adjusted is also a member of the Account dimension, not the Consolidation dimension. It is used to aggregate data from input accounts and adjustment accounts. FCCS Contribution is a member of the Consolidation dimension, but it represents the data for each entity after applying ownership percentage, not before.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-8.
NEW QUESTION # 93
What information is included in the data extract export file delimited format?
- A. the application name
- B. the ID of the user performing the extract
- C. the domain and application name
- D. the data load cube name
Answer: B
NEW QUESTION # 94
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 # 95
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
- A. FCCS_No Data Source
- B. FCCS_PCON
- C. FCCS_Intercompany Eliminations
- D. FCCS_Journal Input
Answer: C,D
Explanation:
Optional - Only if selected during application creation.https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII-20191116111928.pdf
NEW QUESTION # 96
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- D. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
Answer: D
NEW QUESTION # 97
What member of the Currency dimension should be used during data entry for historical override amounts?
- A. Parent Currency
- B. Reporting Currencies
- C. Entity Currency
- D. Input Currencies
Answer: B
NEW QUESTION # 98
Which two statements about the Copy Data function are true? (Choose two.)
- A. When you select the Regular Data option, journals data is included.
- B. You can select which Consolidation dimension member to copy.
- C. You can copy data for historical rate and amount overrides.
- D. You cannot select which Account members to copy.
Answer: B,C
Explanation:
The two statements about the Copy Data function that are true are:
You can select which Consolidation dimension member to copy. You can choose to copy data from any member of the Consolidation dimension, such as FCCS_Entity Input, FCCS_Proportion, or FCCS_Eliminations.
You can copy data for historical rate and amount overrides. You can select to copy data from or to the FCCS Historical Rate Override or FCCS Historical Amount Override accounts.
The other statements are false. When you select the Regular Data option, journals data is not included; you need to select the Journals option to copy journals data. You can select which Account members to copy; you can choose to copy all accounts or specific accounts.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 27; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 4-16.
NEW QUESTION # 99
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)
- A. Chart
- B. Grid
- C. Footer
- D. Header
Answer: A,B
Explanation:
Grid and Chart are two types of insertable report objects when designing a report in Financial Reporting Studio. Financial Reporting Studio is a tool that allows you to create reports based on the data in Financial Consolidation and Close using various report objects, such as grids, charts, text boxes, images, etc. A Grid report object displays data in rows and columns with optional calculations and formatting. A Chart report object displays data in graphical form with different chart types, such as bar, pie, line, etc. The other options, such as Header and Footer, are not insertable report objects but report sections that can contain report objects.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 51-52; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 4-2.
NEW QUESTION # 100
In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. A variance in the Average rate and the Ending rate
- B. The account is FCCS_Net Income
- C. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- D. The current FCCS_CTA account balance does not change from the prior period
Answer: D
NEW QUESTION # 101
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