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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q115-Q120):

NEW QUESTION # 115
Which statement correctly describes when a consolidation can occur within a given year/scenario?

A. The current period consolidation status is Impacted and the remaining periods are OK.
B. A user has a power user access but only write access to the entity.
C. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
D. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
E. A user with power user access first locks the entity so that other users cannot consolidate the same entity.

Answer: A

NEW QUESTION # 116
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

A. by selecting Tasks, then Metadata, and then Import
B. by selecting Dimension, then Import, and then Metadata
C. by selecting Application, then Overview, then Dimensions, and then Export
D. by selecting Application, then Overview, then Dimensions, and then Import

Answer: D

NEW QUESTION # 117
When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A. Any number of months can be selected
B. 12-month only
C. 12-month and 13-month
D. 12-month, 13-month and a 14-month

Answer: C

NEW QUESTION # 118
Which statement is FALSE about Task Manager schedules?

A. Users can still complete tasks in a schedule that has been closed.
B. You can still add tasks to a schedule that has been closed.
C. You can re-open a schedule that has been locked.
D. To start all the tasks in a schedule, you must change the status from Pending to Open.

Answer: B

Explanation:
The statement that is false about Task Manager schedules is: You can still add tasks to a schedule that has been closed. This is false because you cannot add tasks to a schedule that has been closed; you can only add tasks to a schedule that is open or pending. Closing a schedule means that the schedule is completed and no further changes are allowed. The other statements are true about Task Manager schedules. Users can still complete tasks in a schedule that has been closed, as long as the tasks are not past due. You can re-open a schedule that has been locked, as long as you have the Unlock Schedule role assignment. To start all the tasks in a schedule, you must change the status from Pending to Open, which triggers the task start dates and due dates.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 43;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 8-4.

NEW QUESTION # 119
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

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

Answer: A

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 # 120
......

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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q115-Q120):

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