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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A. All parent members in the Account dimension must have a Solve Order value of 58.
B. You cannot add member formulas to members of the Movement dimension.
C. The View dimension stores only periodic data.
D. Account is a Sparse dimension.

Answer: A

Explanation:
The statement that is false about when Intercompany Data is enabled is: All parent members in the Account dimension must have a Solve Order value of 58. This statement is not true because the Solve Order value of 58 is only required for the parent members of the Movement dimension, not the Account dimension. The Solve Order value determines the order of calculation for members with formulas. The Movement dimension uses a Solve Order value of 58 to ensure that the movement calculations are performed after the account calculations. The other statements are true about when Intercompany Data is enabled. Tracking intercompany eliminations is optional, intercompany accounts are assigned plug accounts, intercompany entities must be children of the same parent for eliminations, and the Intercompany Entity attribute must be set to Yes to store intercompany data.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 18-19; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-10.

NEW QUESTION # 25
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A. An extra custom dimension will be available.
B. Data can be stored by intercompany partner but no eliminations will occur.
C. The FCCS_No Intercompany member of the ICP dimension will be used for all data.
D. The ICP dimension will be omitted.

Answer: D

NEW QUESTION # 26
Which statement correctly describes the Consolidation dimension?

A. The dimension contains members to store non-controlling interest and joint venture data.
B. The dimension aggregates input, consolidated, and elimination data together.
C. The dimension uses a separate member to store data from an entity's descendants.
D. The dimension allows users to see input versus journal adjustment data.

Answer: D

NEW QUESTION # 27
For which three tasks can Data Management be used? (Choose three.)

A. writing back data to source systems
B. loading a Metadata Import File
C. loading data from a fixed width or delimited text file
D. drilling through from a web form or Smart View
E. loading data that is period-to-date or year-to-date

Answer: A,C,D

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 # 28
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. Read
B. Comment
C. None
D. Write

Answer: A

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 # 29
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