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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q74-Q79):

NEW QUESTION # 74
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

A. Provide a strong compliance framework that includes auditing and segregation of duties.
B. Provide predictive analysis and modeling.
C. Integrate with source systems.
D. Ensure security of sensitive data.

Answer: A,C,D

NEW QUESTION # 75
Which two statements are true regarding the Copy Data function?

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

Answer: A,B

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 # 76
Audit is enabled by default for which task categories?

A. Data only
B. Metadata Administration and Security
C. No task categories
D. All task categories

Answer: A

NEW QUESTION # 77
Financial Consolidation
and Close maintains calculation status for which four dimensions?

A. Scenario
B. Data Source
C. Consolidation
D. Period
E. Year
F. Entity

Answer: A,C,D,F

Explanation:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.

NEW QUESTION # 78
In the
Movement dimension, for which two can you modify the default translation calculation?

A. Opening Balance
B. Opening Balance Input
C. Closing Balance
D. Base-level members under FCCS_Mvmts Subtotal

Answer: A,D

Explanation:
http://www.allreadable.com/3128VWfe

NEW QUESTION # 79
......

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