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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q155-Q160):
NEW QUESTION # 155
You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?
- A. Level 0 dimension members on POV, rows and columns
- B. Set the currency on the form to the reporting currency member USD_Reporting
- C. Set access rights for data input users to the form
- D. Give data input users WRITE access to form dimension members
Answer: A,C,D
NEW QUESTION # 156
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
- A. Consolidation
- B. Financial
- C. Journal
- D. Intercompany
Answer: A
Explanation:
The type of report that you can run to display all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules, is a Consolidation report. This report shows the details of how consolidated data is calculated for each account in each entity. You can view the source data, adjustments, eliminations, ownership percentage, currency translation, rounding differences, and consolidated data for each account. The other types of reports do not show all adjustments. A Journal report shows only journal adjustments, a Financial report shows only consolidated data without details, and an Intercompany report shows only intercompany eliminations.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 35; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 7-8.
NEW QUESTION # 157
A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)
- A. The subsidiary must have a parent entity with a GBP currency.
- B. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
- C. Common Stock must have a Data Storage property set to Never Share.
- D. The subsidiary must have a balance not equal to zero in Common Stock.
- E. USD must be created as a reporting currency.
Answer: A,D
NEW QUESTION # 158
Which statement is true of journals created from Recurring templates?
- A. The initial status of journals created from Recurring templates is Posted.
- B. The initial status of journals created from Recurring templates is Approved.
- C. Journals for recurring templates are created automatically when you open a period for journals.
- D. The line items in journals created from Recurring templates are read only.
Answer: C
Explanation:
Journals for recurring templates are created automatically when you open a period for journals. Recurring templates are used to create journals that repeat in multiple periods with the same or different amounts. You can specify the frequency, start period, end period, and amount type for recurring templates. The initial status of journals created from recurring templates is Unposted, not Approved or Posted. The line items in journals created from recurring templates are editable, not read only.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 75-76; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 10-7.
NEW QUESTION # 159
Which two statements are true regarding the Copy Data function?
- A. You can select which Consolidation dimension member to copy.
- B. You can copy data for historical rate and amount overrides.
- C. When you select the Regular Data option, journals data is included.
- D. You cannot select which Account members to copy.
Answer: B,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 # 160
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