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Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q82-Q87):

NEW QUESTION # 82
Financial Consolidation
and Close maintains calculation status for which four dimensions?

A. YearB. Data SourceC. EntityD. ConsolidationE. ScenarioF. Period

Answer: C,D,E,F

Explanation:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.


NEW QUESTION # 83
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. Ensure security of sensitive data.C. Provide predictive analysis and modeling.D. Integrate with source systems.

Answer: A,B,D


NEW QUESTION # 84
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 a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.B. 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.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 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.

Answer: B


NEW QUESTION # 85
How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

A. Drill-back to SDM is not an available feature.B. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.C. By selecting Track Multi-source Data Input option for Other Data during the application creation process.D. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.

Answer: B


NEW QUESTION # 86
Which two statements are true regarding the Copy Data function?

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

Answer: A,C

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 # 87
......

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