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NEW QUESTION # 50
For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?
- A. Select users with the Service Administrator security role.
- B. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
- C. Delete the default Approval Unit hierarchy.
- D. Select the Consolidation template when setting up the Approval Unit hierarchy.
Answer: B
Explanation:
The Consolidation Bottom Up template allows owners of approval units to lock and unlock data without going through an approval process. This template is suitable for organizations that do not require a formal approval process for data submission, but still want to control data access and track data status. The Consolidation template, on the other hand, requires owners of approval units to submit data for approval before they can lock it. The Service Administrator security role does not affect the approval process, and deleting the default Approval Unit hierarchy would disable the approval functionality altogether.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 15; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 2-14.
NEW QUESTION # 51
In the approval process, which four dimensions constitute an approval unit? (Choose four.)
- A. Scenario
- B. Data Source (Entity)
- C. Year
- D. Period
- E. Account
Answer: A,B,C,D
Explanation:
In the approval process, the four dimensions that constitute an approval unit are:
Year: This is the fiscal year for which the data is submitted.
Scenario: This is the type of data that is submitted, such as Actual, Budget, or Forecast.
Period: This is the time period within the fiscal year for which the data is submitted, such as Month, Quarter, or Year.
Data Source (Entity): This is the combination of Data Source and Entity dimensions that identifies the source and destination of the data.
The other options are not dimensions that constitute an approval unit. Account is not a dimension that is used in the approval process, as it represents all accounts in the application. Data Source (Entity) already includes Data Source as a sub-dimension, so it does not need to be specified separately.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 15; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 2-13.
NEW QUESTION # 52
How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
- A. by selecting Dimension, then Import, and then Metadata
- B. by selecting Application, then Overview, then Dimensions, and then Export
- C. by selecting Tasks, then Metadata, and then Import
- D. by selecting Application, then Overview, then Dimensions, and then Import
Answer: D
NEW QUESTION # 53
A company has two subsidiaries with 1000 EURO each in the Cash account.
Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)
- A. FCCS_Contribution
- B. FCCS_Entity Consolidation
- C. FCCS_Entity Total
- D. FCCS_Elimination
- E. FCCS_Entity Input
- F. FCCS_Proportion
Answer: A,B,C,E
NEW QUESTION # 54
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks require multiple levels of approvers
- B. when the tasks require consistent definition across close schedules
- C. when the tasks are often late in completion and they need to be monitored more closely
- D. when the tasks are repeatable over multiple close cycles
Answer: D
Explanation:
A task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.D18912E1457D5D1DDCBD40AB3BF70D5D cm_templates_managing.html
NEW QUESTION # 55
Which statement correctly describes when a consolidation can occur within a given year/scenario?
- A. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
- B. A user has a power user access but only write access to the entity.
- C. The current period consolidation status is Impacted and the remaining periods are OK.
- D. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
- E. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
Answer: C
NEW QUESTION # 56
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. Period, Year, Entity
- B. Data source, Consolidation, View
- C. Value, Entity, Account
- D. Multi-GAAP, Data Type, Intra-company
- E. From Currency, Movement, Scenario
Answer: A
NEW QUESTION # 57
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. System Administrator
- B. Metadata Administrator
- C. Metadata Supervisor
- D. Power User
Answer: B
Explanation:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION # 58
Which statement is FALSE regarding establishing security for Financial Consolidation and Close?
- A. The Identity Domain Administrator inherits full access privileges.
- B. Security can be disabled for any dimension.
- C. Security can be assigned at a parent level.
- D. Security is mandatory for one dimension.
- E. All members are accessible for dimensions with no security applied.
Answer: B
Explanation:
The statement that is false regarding establishing security for Financial Consolidation and Close is: Security can be disabled for any dimension. This is false because security is mandatory for one dimension: Entity. You cannot disable security for this dimension, as it controls access to data by entity. The other statements are true regarding establishing security for Financial Consolidation and Close. The Identity Domain Administrator inherits full access privileges by default. Security can be assigned at a parent level, which applies to all descendants of that parent. All members are accessible for dimensions with no security applied, unless they are restricted by another dimension.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 17; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 2-8.
NEW QUESTION # 59
When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?
- A. Is Plug Account
- B. Plug Account
- C. Intercompany Entity
- D. Intercompany Account
Answer: B
Explanation:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPMENT-TEAM-E93973-628A1C2A.pdf
NEW QUESTION # 60
Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?
- A. You can include the inbox and outbox contents in the clone.
- B. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
- C. You can include Data Management artifacts in the clone.
- D. You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
Answer: B
Explanation:
The statement that is false when you are cloning a Financial Consolidation and Close environment is: The most recent Artifact Snapshot created by daily maintenance is used for the snapshot. This statement is not true because when you clone a Financial Consolidation and Close environment, you can choose which Artifact Snapshot to use for the snapshot. You can select either the most recent Artifact Snapshot or a specific Artifact Snapshot that you have created or imported. The other statements are true when you are cloning a Financial Consolidation and Close environment. You must have both the Service Administrator and Identify Domain administrator roles to execute the clone, you can include Data Management artifacts in the clone, and you can include the inbox and outbox contents in the clone.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 86-87; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 11-7.
NEW QUESTION # 61
The company PQR has an ownership structure as shown below.
H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?
- A. Hickory and Paducah
- B. No elimination is performed, because H 1 and P 1 do not have the same parent.
- C. PQR
- D. H 1 and P 2
Answer: A
Explanation:
For H_1 to have an intercompany transaction with P_2, consolidation needs to be run for Hickory and Paducah entities in order for the transaction to be eliminated. Intercompany transactions are transactions between entities that belong to the same group or consolidation hierarchy. Intercompany transactions need to be eliminated during consolidation to avoid double-counting of revenues, expenses, assets, liabilities, etc. Intercompany transactions are eliminated at the common parent entity level of the intercompany entities. For example, if H_1 has an intercompany transaction with P_2, the transaction will be eliminated at Hickory level (the parent of H_1) and Paducah level (the parent of P_2). The other options are not correct. PQR is not the common parent entity of H_1 and P_2, so consolidation does not need to be run for PQR to eliminate the transaction. H_1 and P_2 are not parent entities, so consolidation does not need to be run for them either. Intercompany transactions can be eliminated even if intercompany entities do not have the same parent, as long as they share a common ancestor entity.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 19; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-11.
NEW QUESTION # 62
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
- A. January should be consolidated for the change and nothing needs to happen for February.
- B. January and February should be consolidated.
- C. There is no way to do a prior period entry like this.
- D. February should be consolidated, after which the cash at AceCo is now 65.
Answer: B
NEW QUESTION # 63
You need
to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?
- A. the Page Axis
- B. columns
- C. rows
- D. the Point of View
Answer: D
Explanation:
The point of view is displayed on the top of the form. Elements that can be changed are displayed as links in the point of view. For example, if the Entity dimension is displayed as a link, you can change the entity but not the other dimensions in the point of view.
NEW QUESTION # 64
Which statement
is true of the default FCCS_ members within an application?
- A. You can change the Data Storage property.
- B. You can change the default FCCS_ member prefix at application creation.
- C. You can change the Alias.
- D. You can change the Name.
Answer: C
Explanation:
The member names of the seeded accounts cannot be changed, but the aliases can.
3A1613856380969&ei=fH4xYLrqOoj4gQbWz7-oDw&q=default+FCCS_+members+within+an+application+can
+change+the+Alias&oq=default+FCCS_+members+within+an+application+can+change+the
+Alias&gs_lcp=Cgdnd3Mtd2l6EAM6BwgAEEcQsAM6BAgjECc6BwghEAoQoAE6BAghEBVQ97gEWOXABGD QwQRoAXACeACAAaECiAHlCpIBAzItNZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gwswiz&ved=0ahUKEwi6mLnCs_nuAhUIfMAKHdbnD_UQ4dUDCA0&uact=5
NEW QUESTION # 65
Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?
- A. Scenario, View, Parent Entity and Account
- B. Year, Scenario, Base Entity and Account
- C. Scenario, Account, Base Entity and Parent Entity
- D. Period, Scenario, Base Entity and Parent Entity
Answer: D
NEW QUESTION # 66
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