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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q47-Q52):

NEW QUESTION # 47
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

A. Entity
B. Account
C. From Currency
D. Currency

Answer: C

NEW QUESTION # 48
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A. Base Currency
B. Entity Currency
C. Local Currency
D. Parent Currency

Answer: B

Explanation:
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.

NEW QUESTION # 49
Which two statements are true about Enterprise Journals? (Choose two.)

A. Line items can only include entities that have been enabled for Enterprise Journals.
B. You cannot deploy Enterprise Journals to a period with Pending status.
C. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
D. You can assign a team as preparer or reviewer.

Answer: A,D

Explanation:
The two statements that are true about Enterprise Journals are:
Line items can only include entities that have been enabled for Enterprise Journals. You can enable or disable entities for Enterprise Journals in the Entity dimension properties.
You can assign a team as preparer or reviewer. You can create teams of users and assign them roles in the Enterprise Journal workflow.
The other statements are false. You can deploy Enterprise Journals to a period with any status, as long as it is not locked. Users with either the Service Administrator or Power User role can create Enterprise Journal templates, but they also need the Create Journal Template role assignment.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 25; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 6-2.

NEW QUESTION # 50
Where do you set the Intercompany Entities Aggregation option?

A. In the member properties of the Intercompany Entities member
B. In the Setup Wizard during business process creation
C. In the member properties of the Intercompany Top member
D. On the Properties page of the Intercompany dimension

Answer: A

Explanation:
The place where you set the Intercompany Entities Aggregation option is in the member properties of the Intercompany Entities member. This is a system member in the Entity dimension that represents all entities that have intercompany data. You can set its aggregation option to either Dynamic Calc or Store, depending on whether you want to calculate or store its values. The other options are not places where you set the Intercompany Entities Aggregation option. In the member properties of the Intercompany Top member, you can set other options related to intercompany data, such as Intercompany Partner, Intercompany Elimination Entity, and Intercompany Elimination Method, but not Intercompany Entities Aggregation. On the Properties page of the Intercompany dimension, you can set options related to intercompany matching reports, such as Report Currency and Report Precision, but not Intercompany Entities Aggregation. In the Setup Wizard during business process creation, you can enable or disable intercompany data for your business process, but not set Intercompany Entities Aggregation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 35;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-11.

NEW QUESTION # 51
Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data.
B. The dimension uses a separate member for data from an entity's level-zero descendants.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension allows users to view data in the parent currency.

Answer: B

Explanation:
The Consolidation dimension is used to store data at different levels of consolidation, such as Entity Input, Entity Currency, Parent Currency, etc. The dimension uses a separate member for data from an entity's level-zero descendants, which is called the Contribution member. This member shows the data from the children entities before any adjustments or eliminations are applied. The other statements are not correct descriptions of the Consolidation dimension. The dimension does not allow users to view data in the parent currency (this is done by the Currency dimension), to see input versus journal adjustment data (this is done by the Data Source dimension), or to store non-controlling interest and joint venture data (this is done by the Ownership dimension).Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 15-16; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-8.

NEW QUESTION # 52
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