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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q111-Q116):

NEW QUESTION # 111
Which statement is FALSE about running consolidations?

A. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
B. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
D. When you consolidate a parent, children with the Impacted calculation status are also consolidated.

Answer: C

Explanation:
The statement that is false about running consolidations is: When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated. This is false because running consolidation for a child entity only affects the child entity and its descendants, not the parent entity or its siblings. The parent entity will only be re-consolidated if it has the Impacted calculation status or if you use the Force Consolidate option. The other statements are true about running consolidations.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 29; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-7.

NEW QUESTION # 112
Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A. The parent entity has a different currency than the child.
B. An intercompany elimination was performed.
C. An ownership percentage for the entity other than 100 was entered.
D. A rate was entered into the FCCS_Rate Override account.

Answer: B

NEW QUESTION # 113
For which three tasks can Data Management be used? (Choose three.)

A. loading a Metadata Import File
B. loading data from a fixed width or delimited text file
C. loading data that is period-to-date or year-to-date
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 # 114
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. All members are accessible for dimensions with no security applied.
D. Security can be assigned at a parent level.
E. Security is mandatory for one dimension.

Answer: B

Explanation:
The statement that is false regarding establishing security for Financial Consolidation and Close is: Security can be disabled for any dimension. This is false because security is mandatory for one dimension: Entity. You cannot disable security for this dimension, as it controls access to data by entity. The other statements are true regarding establishing security for Financial Consolidation and Close. The Identity Domain Administrator inherits full access privileges by default. Security can be assigned at a parent level, which applies to all descendants of that parent. All members are accessible for dimensions with no security applied, unless they are restricted by another dimension.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 17; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 2-8.

NEW QUESTION # 115
When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A. The script will not work since the UD5 member referenced does not start with FCCS_
B. The script will work if the script is referenced in the In mapping type with #SQL as the target.
C. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
D. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
E. The script will not work since Data Management does not support scripting.

Answer: B

NEW QUESTION # 116
......

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