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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q28-Q33):

NEW QUESTION # 28
When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A. Plug Account
B. Is Plug Account
C. Intercompany Entity
D. Intercompany Account

Answer: A

Explanation:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf

NEW QUESTION # 29
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?

A. 4-4-4-4
B. 3-3-3-3
C. 4-4-4-5
D. 3-3-3-4

Answer: D

NEW QUESTION # 30
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
B. Translated values for Closing Balance are adjusted to the ending rate for the period.
C. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
D. Values for Opening Balance are retrieved from the prior period's Closing Balance.

Answer: B,D

Explanation:
The two statements that are true about the roll forward calculation in the Movement dimension are:
Translated values for Closing Balance are adjusted to the ending rate for the period. This means that the closing balance values are translated to the parent entity's currency using the exchange rate at the end of the period.
Values for Opening Balance are retrieved from the prior period's Closing Balance. This means that the opening balance values are derived from the closing balance values of the previous period.
The other statements are false about the roll forward calculation in the Movement dimension. Data for opening balances does not need to be loaded to the Opening Balance member prior to consolidation; it is automatically calculated from the prior period's closing balance. Values for base-level Movement members are not calculated as the difference between Closing Balance and Opening Balance; they are calculated as the difference between Closing Balance and Total Input And Adjusted.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 39;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-12.

NEW QUESTION # 31
In the
Movement dimension, for which two can you modify the default translation calculation?

A. Base-level members under FCCS_Mvmts Subtotal
B. Opening Balance
C. Closing Balance
D. Opening Balance Input

Answer: A,B

Explanation:
http://www.allreadable.com/3128VWfe

NEW QUESTION # 32
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. Multi-GAAP, Data Type, Intra-company
B. From Currency, Movement, Scenario
C. Period, Year, Entity
D. Value, Entity, Account
E. Data source, Consolidation, View

Answer: C

NEW QUESTION # 33
......

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