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Oracle Financial Consolidation and Close 2022 Implementation Professional Sample Questions (Q110-Q115):
NEW QUESTION # 110
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
- A. During application creation, select the Multicurrency option of "Yes".
- B. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
- C. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
- D. Enable a dimension for Currency after application creation via a Metadata load.
Answer: D
Explanation:
Enable a dimension for Currency after application creation via a Metadata load.
NEW QUESTION # 111
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?
- A. The FCCS_No Intercompany member of the ICP dimension will be used for all data.
- B. An extra custom dimension will be available.
- C. Data can be stored by intercompany partner but no eliminations will occur.
- D. The ICP dimension will be omitted.
Answer: D
NEW QUESTION # 112
Which statement
about the Equity Pickup feature is FALSE?
- A. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
- B. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
- C. Seeded rule-sets are provided for Equity Pickup.
- D. Equity Pickup rules run as part of the consolidation process.
Answer: D
NEW QUESTION # 113
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
- A. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
- B. provide the ability to collaborate during close and analyse transaction detail in real time
- C. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
- D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
- E. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
Answer: C,D
NEW QUESTION # 114
Which two
are required fields when registering a source system in Data Management?
- A. Source System Type
- B. Name
- C. Drill Through URL
- D. Cloud Type
Answer: B,C
Explanation:
Reference:
registering_file-based_source_systems.html
NEW QUESTION # 115
......
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