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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q106-Q111):
NEW QUESTION # 106
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- A. Provide a strong compliance framework that includes auditing and segregation of duties.
- B. Integrate with source systems.
- C. Ensure security of sensitive data.
- D. Provide predictive analysis and modeling.
Answer: A,B,C
NEW QUESTION # 107
For which three tasks can Data Management be used? (Choose three.)
- A. loading data that is period-to-date or year-to-date
- B. loading data from a fixed width or delimited text file
- C. loading a Metadata Import File
- D. writing back data to source systems
- E. drilling through from a web form or Smart View
Answer: B,D,E
Explanation:
fixed width file or a delimited file,
In Data Management, write-back functionality is available.
integrate_file_104xd8fa487f.html
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/write-back.html
https://docs.oracle.com/applications/smartview/810/UGSUG/
drill_through_procedure_102xd6eca4c6.htm#UGSUG-GUID-C221538B-5352-4742-A1A1-18F16CE4D099
NEW QUESTION # 108
For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)
- A. Entity
- B. Period
- C. Data Source
- D. Year
- E. Consolidation
- F. Scenario
Answer: A,B,D,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 # 109
Which two statements are true regarding the Copy Data function?
- A. You can copy data for historical rate and amount overrides.
- B. When you select the Regular Data option, journals data is included.
- C. You cannot select which Account members to copy.
- D. You can select which Consolidation dimension member to copy.
Answer: A,B
Explanation:
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts
NEW QUESTION # 110
Which statement
about the Equity Pickup feature is FALSE?
- A. Seeded rule-sets are provided for Equity Pickup.
- B. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
- C. Equity Pickup rules run as part of the consolidation process.
- D. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
Answer: C
NEW QUESTION # 111
......
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