What will Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?
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A
This setting does not affect aggregation to the parent.
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B
You cannot load data to this account.
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C
Add amounts aggregated to the parent.
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D
Subtract amounts aggregated to the parent.
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Correct answerC
ExplanationReferences:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/
aggregation_consolidation_operator.html
Question 2
Multiple choice
Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)
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A
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B
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C
FCCS_Intercompany Eliminations
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D
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Correct answersA, C
ExplanationOptional - Only if selected during application creation. References:
https://www.bisptrainings.com/pdf/pdf_docs/OracleFCCSGettingStartedGuideII-
20191116111928. pdf
Question 3
Multiple choice
When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
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A
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B
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C
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D
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Question 4
Multiple choice
Which four sample ratios can be created during the application creation process? (Choose four.)
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A
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B
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C
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D
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E
Days Sales in Receivables
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F
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Correct answersA, C, E, F
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
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A
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B
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C
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D
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Correct answerD
ExplanationFCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.
Question 6
Multiple choice
Financial Consolidation and Close maintains calculation status for which four dimensions?
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A
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B
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C
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D
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E
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F
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Correct answersB, D, E, F
ExplanationOracle 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.
References:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/consol_calc.html
What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?
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A
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B
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C
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D
FCCS_Entity Consolidation
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Question 8
Multiple choice
For which three dimensions is security enabled by default?
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A
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B
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C
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D
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E
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Correct answersB, D, E
ExplanationBy default, the Account, Entity, Scenario, and Data Source dimensions.
References:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/dimension_security.html
Question 9
Multiple choice
For which three tasks can Data Management be used? (Choose three.)
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A
loading data that is period-to-date or year-to-date
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B
drilling through from a web form or Smart View
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C
loading data from a fixed width or delimited text file
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D
writing back data to source systems
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E
loading a Metadata Import File
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Correct answersB, C, D
ExplanationReferences:
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/
integrate_file_104xd8fa487f.html (https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/write-back.html)
https://docs.oracle.com/applications/smartview/810/UGSUG/drill_through_procedure_102xd6eca4c6.htm#UGSUG-GUID-C221538B-5352-4742-A1A1-18F16CE4D099
Question 10
Single choice
Which of the following is allowed for accounts with the data storage type of "Dynamic Calc"?
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A
Load data to this account.
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B
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C
Load data to this account and create member formulas.
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D
Enter data through a data form
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Question 11
Single choice
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
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A
when the tasks are repeatable over multiple close cycles
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B
when the tasks require consistent definition across close schedules
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C
when the tasks are often late in completion and they need to be monitored more closely
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D
when the tasks require multiple levels of approvers
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Correct answerA
ExplanationA task template defines a repeatable set of tasks required for a business process. It is used as a basis for creating schedules.
References:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/
cm_templates_managing.html
Question 12
Single choice
When enabling Multi-GAAP during application creation, which additional option is available?
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A
Automatically calculate adjustment
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B
Allow adjustments for IFRS
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C
Track Multi-Source Data Input
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D
Include Supplemental Data
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Question 13
Multiple choice
You are required to create a form to allow users to input data. Which three actions or form components selected should accomplish this?
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A
Set the currency on the form to the reporting currency member USD_Reporting
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B
Level 0 dimension members on POV, rows and columns
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C
Give data input users WRITE access to form dimension members
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D
Set access rights for data input users to the form
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Question 14
Single choice
Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
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A
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B
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C
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D
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Question 15
Multiple choice
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.)
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A
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B
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C
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D
FCCS_Entity Consolidation
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E
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F
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Correct answersC, D, E, F
Question 16
Single choice
Which statement is correct regarding intercompany eliminations?
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A
Intercompany eliminations are generally required to remove the effect of transactions within the company.
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B
Intercompany eliminations are required for sustainability reporting to show the company's waste output.
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C
Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
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D
Intercompany eliminations are needed when a company divests itself of a division.
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Question 17
Single choice
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively. Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
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A
P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
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B
P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
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C
P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
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D
P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
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Question 18
Multiple choice
A company would like to capture Fixed Asset additions and disposals within the Movement dimension. Which three tasks are necessary to achieve this goal?
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A
Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
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B
Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
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C
Load detailed Fixed Asset data to Movement members.
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D
Add custom Movement members to the FCCS_CashFlow hierarchy.
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E
Create a Roll Forward in the account dimension.
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