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NEW QUESTION # 28
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The new task will run outside of the schedule end date.
- B. An error, you can't add a new task past the due date.
- C. The schedule end date changes to match the end date of the task.
- D. The task will not run.
Answer: C
Explanation:
When you add a new task to a schedule, it automatically is scheduled to start on the project's start date. As tasks are added to the schedule and connected to other tasks, the start times of tasks will change, and the last task to finish determines the project's finish date.
NEW QUESTION # 29
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?
- A. Suppress missing blocks
- B. Report performance
- C. Designing dynamic reports
- D. Expanded vs. single data segments
Answer: A
NEW QUESTION # 30
Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?
- A. Comment
- B. Read
- C. None
- D. Write
Answer: B
Explanation:
The users' default access to members in the Account dimension when security is enabled but no member access rights are assigned is Read. This means that users can view data for any account member, but they cannot enter or modify data. Read is also the default access level for any dimension when security is enabled but no member access rights are assigned. The other options are not users' default access to members in the Account dimension when security is enabled but no member access rights are assigned. None means that users cannot view or modify data for any account member, which would prevent them from using the application. Comment means that users can view and comment on data for any account member, but they cannot enter or modify data. Write means that users can view and modify data for any account member, which would give them full access to the application.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 17;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 2-9.
NEW QUESTION # 31
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Tasks, then Metadata, and then Import
- B. by selecting Application, then Overview, then Dimensions, and then Import
- C. by selecting Dimension, then Import, and then Metadata
- D. by selecting Application, then Overview, then Dimensions, and then Export
Answer: B
NEW QUESTION # 32
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
- A. ERP r12
- B. Data Management
- C. ERP Cloud
- D. Supplemental Data
Answer: B,D
NEW QUESTION # 33
Which statement is FALSE when enabling a Multi-GAAP application?
- A. The system automatically creates an FCCS_IFRS member.
- B. The Multi-GAAP dimension is optional.
- C. Additional GAAP adjustment can be created.
- D. Two custom dimensions are available after enabling Multi-GAAP.
Answer: D
NEW QUESTION # 34
In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. The account is FCCS_Net Income
- B. A variance in the Average rate and the Ending rate
- C. The current FCCS_CTA account balance does not change from the prior period
- D. Movement of FX impact for historical rate accounts to the FCCS_CTA account
Answer: C
NEW QUESTION # 35
Which statement about Opening Balance Override rules is true?
- A. Opening Balance Override rules execute for the first period in the year only.
- B. They are available only if Intercompany Data with Tracking is enabled for the business process.
- C. You can select which entities to include in the rule scope.
- D. You can select which accounts to include in the rule scope.
Answer: D
Explanation:
The statement that is true about Opening Balance Override rules is: You can select which accounts to include in the rule scope. Opening Balance Override rules are a type of business rules that allow you to override the opening balance values for selected accounts in selected entities. You can use these rules to adjust opening balances for specific scenarios or periods without affecting prior periods or other scenarios. You can select which accounts to include in the rule scope by using member selection or member formulas. The other statements are not true about Opening Balance Override rules. They are not available only if Intercompany Data with Tracking is enabled for the business process, they execute for any period in the year, not just the first one, and you cannot select which entities to include in the rule scope, only the parent entity.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 63-64; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-2.
NEW QUESTION # 36
What action requires refreshing the database?
- A. You deploy a new Configurable Calculation rule in Calculation Manager.
- B. You edit the alias for a member in the Entity dimension.
- C. You edit the Consolidation Operator for a member in the Account dimension.
- D. You change the ownership percentage for an entity.
Answer: B
Explanation:
The action that requires refreshing the database is editing the alias for a member in the Entity dimension. Refreshing the database is a process that synchronizes the changes made to metadata with the data stored in the database. You need to refresh the database after making changes to metadata that affect data aggregation or calculation, such as editing member names, formulas, consolidation operators, etc. Editing the alias for a member in the Entity dimension is one of such changes, because it affects how data is displayed in reports and forms. The other actions do not require refreshing the database. Deploying a new Configurable Calculation rule in Calculation Manager, changing the ownership percentage for an entity, and editing the Consolidation Operator for a member in the Account dimension do not affect data aggregation or calculation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 21; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-4.
NEW QUESTION # 37
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)
- A. Chart
- B. Grid
- C. Header
- D. Footer
Answer: A,B
Explanation:
Grid and Chart are two types of insertable report objects when designing a report in Financial Reporting Studio. Financial Reporting Studio is a tool that allows you to create reports based on the data in Financial Consolidation and Close using various report objects, such as grids, charts, text boxes, images, etc. A Grid report object displays data in rows and columns with optional calculations and formatting. A Chart report object displays data in graphical form with different chart types, such as bar, pie, line, etc. The other options, such as Header and Footer, are not insertable report objects but report sections that can contain report objects.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 51-52; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 4-2.
NEW QUESTION # 38
Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)
- A. A base entity currency has a parent entity with a different default currency.
- B. A base entity currency has a parent entity with a matching default currency.
- C. A parent entity has the same default currency as its parent.
- D. A parent entity has a different currency from its parent.
- E. A shared entity has a parent with a different currency.
Answer: A,D,E
NEW QUESTION # 39
To which Financial Consolidation and Close dimension(s) do you map Data Management periods?
- A. View
- B. Period, Year, and View
- C. Period and Year
- D. Period
Answer: B
Explanation:
When mapping Data Management periods to Financial Consolidation and Close dimensions, you need to map them to Period, Year, and View dimensions. Data Management is a feature that allows you to load data from external sources into Financial Consolidation and Close using integrations, locations, mappings, etc. When mapping Data Management periods, you need to specify the Period (such as Jan, Feb, Mar, etc.), the Year (such as FY20, FY21, FY22, etc.), and the View (such as Periodic or YTD) for each source period. This ensures that the data is loaded into the correct target period in Financial Consolidation and Close.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 40-41; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 8-5.
NEW QUESTION # 40
Which statement correctly describes the Consolidation dimension?
- A. The dimension uses a separate member for data from an entity's level-zero descendants.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension allows users to view data in the parent currency.
- D. The dimension allows users to see input versus journal adjustment data.
Answer: A
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 # 41
Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
- A. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
- B. Parent account calculations depend on the sequencing.
- C. There is no reason to consolidate years sequentially.
- D. Each period in the year must consolidate separately.
Answer: A
Explanation:
The reason why years should be consolidated sequentially; i.e., first 2018, then 2019, then 2020, is to ensure that rollforward calculations are correct. Rollforward calculations are calculations that track the changes in balance sheet accounts from one period to another. For example, if an account has an opening balance of 100 in 2018 and a closing balance of 120 in 2018, the rollforward calculation will show a movement of 20 for 2018. If the same account has a closing balance of 150 in 2019, the rollforward calculation will show a movement of 30 for 2019. However, if the years are not consolidated sequentially, the rollforward calculations will not be accurate. For example, if 2019 is consolidated before 2018, the rollforward calculation will show a movement of -50 for 2018, which is incorrect. The other options are not reasons why years should be consolidated sequentially. Parent account calculations do not depend on the sequencing, each period in the year does not need to consolidate separately, and there is a reason to consolidate years sequentially.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 24; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-7.
NEW QUESTION # 42
When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)
- A. View
- B. Movement
- C. Account
- D. Consolidation
Answer: A,D
Explanation:
When using the Copy Data feature to copy data from one scenario, year, or period to another, member selection is not available for the Consolidation and View dimensions. These dimensions are automatically set to Entity Input and Periodic, respectively. Member selection is available for other dimensions, such as Movement, Account, etc., depending on the application settings and security access.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 55; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 7-13.
NEW QUESTION # 43
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?
- A. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
- B. the third Friday of each month to apply to both TEST and PROD simultaneously
- C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
- D. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
Answer: D
NEW QUESTION # 44
Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?
- A. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
- B. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
- C. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
- D. Calculations, dashboards, and reports to provide analysis for cash flow modeling
Answer: A
Explanation:
The components that are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution are calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow. These components enable you to perform financial consolidation and close processes with best practices, efficiency, and accuracy. The calculations include predefined consolidation rules, currency translation methods, intercompany eliminations, ownership management, etc. The dashboards and reports provide insights into the consolidation results, process status, data quality, etc. The data source tracking allows you to track the origin and adjustments of data from different sources. The automated cash flow generates cash flow statements based on the movement accounts.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 11-12; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 1-2.
NEW QUESTION # 45
Which statement is true regarding shared members and valid intersection rules?
- A. Shared members are supported in valid intersection rules
- B. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
- C. Shared members are not supported in valid intersection rules
- D. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
Answer: C,D
Explanation:
Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule.
admin_valid_intersections_shared_members_and_rules_102x58c8d618.html
NEW QUESTION # 46
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