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

NEW QUESTION # 168
Which statement is true of reporting currencies?

A. All input currencies that you add are automatically added as reporting currencies as well.
B. All reporting currency members have the suffix Reporting.
C. When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
D. During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.

Answer: C

Explanation:
The statement that is true of reporting currencies is: When you run the Consolidate business rule, you can select one or more reporting currencies to translate to. This allows you to perform currency translation for specific reporting currencies without affecting the other currencies. You can also select the All Reporting Currencies option to translate to all reporting currencies at once. The other statements are false of reporting currencies. During consolidation, rates for translating to reporting currencies are not calculated by triangulation through the rate for translating to the parent currency; they are calculated by using the direct rate between the input currency and the reporting currency. Not all input currencies that you add are automatically added as reporting currencies as well; you need to enable them as reporting currencies in the Currency dimension properties. Not all reporting currency members have the suffix Reporting; only the dynamic members that represent the reporting currencies for each entity have this suffix.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 21;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-17.

NEW QUESTION # 169
A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?

A. Change one of the Row or Column dimension members and click Refresh.
B. Disconnect from the Smart View connection, and relog in.
C. Activate the Connection.
D. Close out of Excel, and relog in to Smart View.

Answer: A

NEW QUESTION # 170
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

A. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
B. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
C. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
D. provide the ability to collaborate during close and analyse transaction detail in real time
E. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness

Answer: A,C

NEW QUESTION # 171
In Data Integration, for what purpose do you use Workbench?

A. To configure data load options
B. To define dimension mapping
C. To review mapping of source to target members
D. To edit the data load file format

Answer: C

Explanation:
The purpose of using Workbench in Data Integration is to review mapping of source to target members. Workbench allows you to view and edit how source data members are mapped to target application members. You can also validate, test, and run integrations from Workbench. The other options are not purposes of using Workbench in Data Integration. To edit the data load file format, you use File Format Editor. To define dimension mapping, you use Dimension Mapping Editor. To configure data load options, you use Application Details dialog boxOracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 41;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 9-4.

NEW QUESTION # 172
Which two statements are true regarding the Copy Data function?

A. When you select the Regular Data option, journals data is included.
B. You cannot select which Account members to copy.
C. You can copy data for historical rate and amount overrides.
D. You can select which Consolidation dimension member to copy.

Answer: A,C

Explanation:
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts

NEW QUESTION # 173
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