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NEW QUESTION 18
Which statement is false regarding establishing security for Financial Consolidation and Close (FCCS)?
Response:
- A. The Identity Domain Administrator inherits full access privileges.
- B. Security can be disabled for any dimension.
- C. Security is mandatory for one dimension.
- D. Security can be assigned at a parent level.
- E. All members are accessible for dimensions with no security applied.
Answer: A
NEW QUESTION 19
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
Response:
- A. The schedule end date changes to match the end date of the task.
- B. The new task will run outside of the schedule end date.
- C. The task will not run.
- D. An error, you can't add a new task past the due date.
Answer: D
NEW QUESTION 20
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
Response:
- A. by selecting Dimension, then Import, and then Metadata
- B. by selecting Application, then Overview, then Dimensions, and then Import
- C. by selecting Tasks, then Metadata, and then Import
- D. by selecting Application, then Overview, then Dimensions, and then Export
Answer: B
NEW QUESTION 21
Which statement is FALSE when setting up Shared Entities?
- A. The Data Storage Member Property must set to "Dynamic Calc".
- B. You build an alternate hierarchy by using partial share Entity members.
- C. When data is posted to one shared entity, the data is posted to all instances.
- D. The calculation status will not change in all instances when data is changed in one instance.
Answer: D
NEW QUESTION 22
You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?
- A. Other Options section
- B. the Page Axis
- C. the Point of View
- D. a column
Answer: C
NEW QUESTION 23
Which statement about the Equity Pickup feature is FALSE?
Response:
- A. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled
- B. Seeded rule-sets are provided for Equity Pickup
- C. Equity Pickup rules run as part of the consolidation process
- D. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions
Answer: C
NEW QUESTION 24
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting ofthe subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. The subsidiary must have a parent entity with a GBP currency.
- B. The subsidiary must have a balance not equal to zero in Common Stock.
- C. Common Stock must have a Data Storage property set to Never Share.
- D. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
- E. USD must be created as a reporting currency.
Answer: A,B
NEW QUESTION 25
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_No Data Source
- B. FCCS_SystemTypes
- C. FCCS_Proportion
- D. FCCS_Data Input
Answer: C
NEW QUESTION 26
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?
Response:
- A. Journal Report
- B. Intercompany Report
- C. Consolidation Report
- D. Financial Report
Answer: C
NEW QUESTION 27
Which statement is FALSE when enabling a Multi-GAAP application?
Response:
- A. Additional GAAP adjustment can be created.
- B. Two custom dimensions are available after enabling Multi-GAAP.
- C. The Multi-GAAP dimension is optional.
- D. The system automatically creates an FCCS_IFRS member.
Answer: B
NEW QUESTION 28
What is the function of Source Mapping in Data Management?
- A. Define the close calendar periods.
- B. Manage source periods in relation to global periods.
- C. Defined the input currency for each data source supplying data to the application.
- D. Maplocal dimension members to the application dimension members.
Answer: C
Explanation:
Explanation/Reference:
Data Management supports the ability to load data that is of a currency different from the default currency of the selected location. This option enables you to specify the location in the input line that specifies the currency for the related amount field.
Reference:https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/GUIDF800
NEW QUESTION 29
Which two statements are true regarding the Copy Data function?
- A. You can copy data for historical rate and amount overrides.
- B. You cannot select which Account members to copy.
- C. When you select the Regular Data option, journals data is included.
- D. You can select which Consolidation dimension member to copy.
Answer: A,C
Explanation:
Explanation
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/data_copy.html
NEW QUESTION 30
For which three tasks can Data Management be used?
(Choose three.)
Response:
- A. writing back data to source systems
- B. loading data from a fixed width or delimited text file
- C. drilling through from a web form or Smart View
- D. loading a Metadata Import File
- E. loading data that is period-to-date or year-to-date
Answer: A,B,C
NEW QUESTION 31
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
Response:
- A. when the tasks require consistent definition across close schedules
- B. when the tasks are repeatable over multiple close cycles
- C. when the tasks require multiple levels of approvers
- D. when the tasks are often late in completion and they need to be monitored more closely
Answer: B
NEW QUESTION 32
What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?
- A. Thedata export format / file extension is always extracted in a DAT file format.
- B. The data export format / file extension is always extracted in a CSV file format.
- C. The data export format / file extension is always extracted in a XLS file format.
- D. The data export format / file extension is always extracted in a ZIP file format.
Answer: B
Explanation:
Explanation/Reference:
D18912E1457D5D1DDCBD40AB3BF70D5D
The systemcreates an export file for each artifact (.csv).
Reference:https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/metadata_export.html
NEW QUESTION 33
Which statement correctly describes the Consolidation dimension?
Response:
- A. The dimension aggregates input, consolidated, and elimination data together.
- B. The dimension allows users to see input versus journal adjustment data.
- C. The dimension contains members to store non-controlling interest and joint venture data.
- D. The dimension uses a separate member to store data from an entity's descendants.
Answer: A
NEW QUESTION 34
How can the Intercompany dimension be enabled within your application?
- A. During application creation, select the Intercompany Data option.
- B. In the metadata editor, select IC_Entity_Yes forthe Intercompany Entity property for any entity.
- C. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.
- D. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
Answer: C
Explanation:
Explanation
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/ intercompany_property_for_entities.html
NEW QUESTION 35
Which statement is true regarding shared members and valid intersection rules?
- A. Shared members are not supported in valid intersection rules
- B. Shared members are supported in valid intersection rules
- C. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
- D. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
Answer: A,C
Explanation:
Explanation
Explanation/Reference:
Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule.
Reference: https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/ admin_valid_intersections_shared_members_and_rules_102x58c8d618.html
NEW QUESTION 36
Which statement is correct regardingintercompany eliminations?
- A. Intercompany eliminations are generally required to remove the effect of transactions within the company.
- B. Intercompany eliminations are required for sustainability reporting to show the company's waste output.
- C. Intercompany eliminations are needed when a company divests itself of a division.
- D. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
Answer: A
NEW QUESTION 37
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
- A. load data to this account and make member formulas
- B. create Member Formulas
- C. Member Formulas cannot be created
- D. load data to this account
Answer: A,B
NEW QUESTION 38
What is the Data Storage value for an accountthat must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. No Rate
- C. Never Share
- D. Dynamic
- E. Dynamic Calc and Store
Answer: A
NEW QUESTION 39
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