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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q38-Q43):

NEW QUESTION # 38
Which statement is true regarding Data Management categories?

A. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
B. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
C. Application mapping is not required if the global mapping target category is exactly correct.
D. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab

Answer: A

NEW QUESTION # 39
You need
a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A. Journal Report
B. Consolidation Report
C. Intercompany Report
D. Financial Report

Answer: B

NEW QUESTION # 40
Which two statements are true about the Multi-GAAP feature? (Choose two.)

A. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
B. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
C. Select this option if you need to report your financial statements only in IFRS.
D. You must specify a prefix for entities that use the alternate gap standard.

Answer: A,B

Explanation:
The two statements that are true about the Multi-GAAP feature are:
When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments. Manual adjustments allow you to enter or load data for different GAAPs separately, while calculated adjustments allow you to define formulas or rules to derive data for different GAAPs from a primary GAAP.
Enabling Multi-GAAP reduces the number of custom dimensions you can have. Multi-GAAP uses one custom dimension slot, so you will have one less custom dimension available for other purposes.
The other statements are false about the Multi-GAAP feature. You do not need to select this option if you need to report your financial statements only in IFRS; you can use IFRS as your primary GAAP without enabling Multi-GAAP. You do not need to specify a prefix for entities that use the alternate GAAP standard; you can use any member name for your alternate GAAP entity.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 37;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-10.

NEW QUESTION # 41
Which statement
is true of the default FCCS_ members within an application?

A. You can change the Alias.
B. You can change the default FCCS_ member prefix at application creation.
C. You can change the Name.
D. You can change the Data Storage property.

Answer: A

Explanation:
The member names of the seeded accounts cannot be changed, but the aliases can.
3A1613856380969&ei=fH4xYLrqOoj4gQbWz7-oDw&q=default+FCCS_+members+within+an+application+can
+change+the+Alias&oq=default+FCCS_+members+within+an+application+can+change+the
+Alias&gs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXABGD QwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gwswiz&ved=0ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0&uact=5

NEW QUESTION # 42
When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A. The script will not work since the UD5 member referenced does not start with FCCS_
B. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
C. The script will work if the script is referenced in the In mapping type with #SQL as the target.
D. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
E. The script will not work since Data Management does not support scripting.

Answer: C

NEW QUESTION # 43
......

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q38-Q43):

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