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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q132-Q137):

NEW QUESTION # 132
Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

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

Answer: A

Explanation:
The Intercompany Data feature is an optional feature that enables intercompany eliminations and reporting in Financial Consolidation and Close (FCC). If this feature is not enabled when the FCC business process is created, the ICP dimension is omitted from the application. This means that data cannot be stored by the intercompany partner and no eliminations occur. The FCCS No Intercompany member of the ICP dimension is used for all data only if the feature is enabled but no intercompany transactions are entered. An extra custom dimension is not available regardless of whether the feature is enabled or not.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 18; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-10.

NEW QUESTION # 133
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A. Dynamic
B. No Rate
C. Store
D. Never Share
E. Dynamic Calc and Store

Answer: C

NEW QUESTION # 134
What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

A. Add amounts aggregated to the parent.
B. This setting does not affect aggregation to the parent.
C. You cannot load data to this account.
D. Subtract amounts aggregated to the parent.

Answer: A

Explanation:
aggregation_consolidation_operator.html

NEW QUESTION # 135
If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A. The Intercompany Alias is not automatically changed to the new Entity Alias.
B. The Intercompany Alias is automatically set to the Intercompany Name.
C. The Intercompany Alias is set to the Entity Name.
D. The Intercompany Alias is automatically changed to the new Entity Alias.

Answer: D

NEW QUESTION # 136
Which is true behavior of default FCCS_ members within an application?

A. You can change the Alias of these default FCCS_ members at any time.
B. You cannot change the Alias of these default FCCS_ members.
C. You can change the default FCCS_ member prefix at application creation.
D. You can change the Name of these default FCCS_ members at any time.

Answer: D

NEW QUESTION # 137
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