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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q137-Q142):

NEW QUESTION # 137
Which statement is true regarding Data Management categories?

A. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
B. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
C. Application mapping is not required if the global mapping target category is exactly correct.
D. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

Answer: D

NEW QUESTION # 138
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A. The Cash Change hierarchy cannot be modified.
B. Siblings can be added to the FCCS_CashFlow_Investing member.
C. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
D. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
E. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
F. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.

Answer: B,D,E,F

NEW QUESTION # 139
Which statement correctly describes what happens to parent entities during consolidation?

A. The changes in the relational database are synced to the underlying Essbase cube.
B. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
C. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
D. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

Answer: B

NEW QUESTION # 140
Which two
statements are true of the roll forward calculation in the Movement dimension?

A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B. Values for Opening Balance are retrieved from the prior period Closing Balance.
C. Values for base-level Movement members are calculated as the difference between Closing Balance and
D. Translated values for Closing Balance are adjusted to the ending rate for the period.

Answer: B,D

Explanation:
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.
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html

NEW QUESTION # 141
Which two statements about the Copy Data function are true? (Choose two.)

A. You can copy data for historical rate and amount overrides.
B. You can select which Consolidation dimension member to copy.
C. You cannot select which Account members to copy.
D. When you select the Regular Data option, journals data is included.

Answer: A,B

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 # 142
......

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