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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q94-Q99):
NEW QUESTION # 94
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
Answer: B,D
Explanation:
The two statements that are true about the roll forward calculation in the Movement dimension are:
Translated values for Closing Balance are adjusted to the ending rate for the period. This means that the closing balance values are translated to the parent entity's currency using the exchange rate at the end of the period.
Values for Opening Balance are retrieved from the prior period's Closing Balance. This means that the opening balance values are derived from the closing balance values of the previous period.
The other statements are false about the roll forward calculation in the Movement dimension. Data for opening balances does not need to be loaded to the Opening Balance member prior to consolidation; it is automatically calculated from the prior period's closing balance. Values for base-level Movement members are not calculated as the difference between Closing Balance and Opening Balance; they are calculated as the difference between Closing Balance and Total Input And Adjusted.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 39;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 3-12.
NEW QUESTION # 95
When defining a batch in Data Management, which statement is True?
Answer: D
NEW QUESTION # 96
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
Answer: A
Explanation:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION # 97
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
Answer: D
NEW QUESTION # 98
Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?
Answer: B
NEW QUESTION # 99
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