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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q31-Q36):
NEW QUESTION # 31
Which statement correctly describes the Consolidation dimension?
Answer: D
NEW QUESTION # 32
To which Financial Consolidation and Close dimension(s) do you map Data Management periods?
Answer: D
Explanation:
When mapping Data Management periods to Financial Consolidation and Close dimensions, you need to map them to Period, Year, and View dimensions. Data Management is a feature that allows you to load data from external sources into Financial Consolidation and Close using integrations, locations, mappings, etc. When mapping Data Management periods, you need to specify the Period (such as Jan, Feb, Mar, etc.), the Year (such as FY20, FY21, FY22, etc.), and the View (such as Periodic or YTD) for each source period. This ensures that the data is loaded into the correct target period in Financial Consolidation and Close.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 40-41; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 8-5.
NEW QUESTION # 33
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
Answer: D
NEW QUESTION # 34
What member of the Currency dimension should be used during data entry for historical override amounts?
Answer: D
NEW QUESTION # 35
Where do you set the Intercompany Entities Aggregation option?
Answer: C
Explanation:
The place where you set the Intercompany Entities Aggregation option is in the member properties of the Intercompany Entities member. This is a system member in the Entity dimension that represents all entities that have intercompany data. You can set its aggregation option to either Dynamic Calc or Store, depending on whether you want to calculate or store its values. The other options are not places where you set the Intercompany Entities Aggregation option. In the member properties of the Intercompany Top member, you can set other options related to intercompany data, such as Intercompany Partner, Intercompany Elimination Entity, and Intercompany Elimination Method, but not Intercompany Entities Aggregation. On the Properties page of the Intercompany dimension, you can set options related to intercompany matching reports, such as Report Currency and Report Precision, but not Intercompany Entities Aggregation. In the Setup Wizard during business process creation, you can enable or disable intercompany data for your business process, but not set Intercompany Entities Aggregation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 35;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-11.
NEW QUESTION # 36
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