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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q161-Q166):

NEW QUESTION # 161
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A. Local Currency
B. Entity Currency
C. Base Currency
D. Parent Currency

Answer: B

Explanation:
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.

NEW QUESTION # 162
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

A. Generation 0
B. First common parent
C. Lowest common denominator
D. First order relation

Answer: B

NEW QUESTION # 163
Which item describes the use for the Currency dimension property Triangulation Currency?

A. The ability to report in multiple currencies
B. The ability to calculate foreign exchange rates
C. The ability to input foreign exchange rates
D. The ability to force translations
E. The ability to calculate CTA (Cumulative Translation Adjustment)

Answer: B

NEW QUESTION # 164
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

A. Expanded vs. single data segments
B. Designing dynamic reports
C. Suppress missing blocks
D. Report performance

Answer: C

NEW QUESTION # 165
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

A. Year, Scenario, Base Entity and Account
B. Period, Scenario, Base Entity and Parent Entity
C. Scenario, Account, Base Entity and Parent Entity
D. Scenario, View, Parent Entity and Account

Answer: B

NEW QUESTION # 166
......

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