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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q168-Q173):

NEW QUESTION # 168
Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A. FX Rates - Average
B. FX Rates - Historical
C. FX Rates - Opening
D. FX Rates - Ending
E. FX Rates - None

Answer: A,D

Explanation:
When configuring default translation methods for Flow and Balance accounts, two rate account options are available: FX Rates - Average and FX Rates - Ending. These rate account options determine which exchange rate is used to translate data from local currency to reporting currency. FX Rates - Average uses the average exchange rate for the period, which is suitable for flow accounts that capture movements within the period. FX Rates - Ending uses the ending exchange rate for the period, which is suitable for balance accounts that represent a point in time. The other rate account options, such as FX Rates - Historical, FX Rates - Opening, and FX Rates - None, are not available when configuring default translation methods for Flow and Balance accounts.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 48; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-2.

NEW QUESTION # 169
Which statement is true of journals created from Recurring templates?

A. The line items in journals created from Recurring templates are read only.
B. Journals for recurring templates are created automatically when you open a period for journals.
C. The initial status of journals created from Recurring templates is Approved.
D. The initial status of journals created from Recurring templates is Posted.

Answer: B

Explanation:
Journals for recurring templates are created automatically when you open a period for journals. Recurring templates are used to create journals that repeat in multiple periods with the same or different amounts. You can specify the frequency, start period, end period, and amount type for recurring templates. The initial status of journals created from recurring templates is Unposted, not Approved or Posted. The line items in journals created from recurring templates are editable, not read only.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 75-76; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 10-7.

NEW QUESTION # 170
Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

A. DAT file type
B. Excel XLS file type
C. Tab delimited
D. Comma delimited

Answer: C,D

NEW QUESTION # 171
Which two are members in the Consolidation dimension? (Choose two.)

A. FCCS Total input And Adjusted
B. FCCS Data Input
C. FCCS Proportion
D. FCCS Entity Input

Answer: C,D

Explanation:
The two members that are in the Consolidation dimension are:
FCCS_Entity Input: This is the member that represents the input data for each entity before consolidation. It shows the data in the entity's default currency without any adjustments or eliminations.
FCCS_Proportion: This is the member that represents the data for each entity after applying the ownership percentage. It shows the data in the parent entity's currency after currency translation and ownership adjustment.
The other options are not members of the Consolidation dimension. FCCS Data Input is a member of the Data Source dimension, not the Consolidation dimension. It is used to identify data that is entered or loaded directly into the application. FCCS Total Input And Adjusted is a member of the Account dimension, not the Consolidation dimension. It is used to aggregate data from input accounts and adjustment accounts.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-8.

NEW QUESTION # 172
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

A. FCCS_Journal Input
B. FCCS_PCON
C. FCCS_Intercompany Eliminations
D. FCCS_No Data Source

Answer: A,C

Explanation:
Optional - Only if selected during application creation.https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII-20191116111928.pdf

NEW QUESTION # 173
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Oracle 1Z0-1081-24 Latest Test Guide - Exams 1Z0-1081-24 Torrent

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q168-Q173):

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