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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q88-Q93):
NEW QUESTION # 88
Which statement accurately describes alternate hierarchies?
- A. Single entities having multiple parents
- B. Contribution to parent members are similar
- C. Parent members having the same currency
- D. Data must be entered multiple times for shared members
Answer: A
NEW QUESTION # 89
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_No Data Source
- B. FCCS_Data Input
- C. FCCS_Proportion
- D. FCCS_SystemTypes
Answer: C
NEW QUESTION # 90
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. From Currency, Movement, Scenario
- B. Data source, Consolidation, View
- C. Multi-GAAP, Data Type, Intra-company
- D. Period, Year, Entity
- E. Value, Entity, Account
Answer: D
NEW QUESTION # 91
Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)
- A. Local Rate
- B. Ending Rate
- C. Average Rate
- D. Opening Rate
Answer: B,C
Explanation:
The seeded exchange rate forms display two rate accounts: Average Rate and Ending Rate. These rate accounts show the exchange rates used for translating data from local currency to reporting currency. The Average Rate account shows the average exchange rate for the period, which is used for translating flow accounts. The Ending Rate account shows the ending exchange rate for the period, which is used for translating balance accounts. The other rate accounts, such as Local Rate, Opening Rate, and Historical Rate, are not available in the seeded exchange rate forms.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 49-50; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-4.
NEW QUESTION # 92
Which two statements are true about shared members in Valid Intersection rules? (Choose two.)
- A. Selecting a shared member for a rule does not include its primary instance.
- B. If a shared member is selected for a rule, the primary instance of the member is selected as well.
- C. Selecting the primary instance of a member does not include shared members.
- D. If the primary instance of the member is selected for a rule, all shared members for the instances are included.
Answer: A,D
Explanation:
The following statements are true about shared members in Valid Intersection rules:
If the primary instance of the member is selected for a rule, all shared members for the instances are included. This means that data can be entered or calculated for any shared member of the primary member.
Selecting a shared member for a rule does not include its primary instance. This means that data can be entered or calculated only for the specific shared member, not for the primary member or other shared members. The other statements are not true about shared members in Valid Intersection rules. If a shared member is selected for a rule, the primary instance of the member is not selected as well. Selecting the primary instance of a member does include shared members.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 69; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-6.
NEW QUESTION # 93
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