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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q161-Q166):

NEW QUESTION # 161
What is the correct Currency dimension member to select when running an Intercompany Matching Report?

A. Reporting Currency
B. Entity Currency
C. Parent Currency
D. Input Currency

Answer: A

Explanation:
Currency (Must be a Reporting Currency)
setting_up_intercompany_matching_reports.html

NEW QUESTION # 162
Which statement
is true of the default FCCS_ members within an application?

A. You can change the Name.
B. You can change the default FCCS_ member prefix at application creation.
C. You can change the Data Storage property.
D. You can change the Alias.

Answer: D

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 # 163
Which four items are included in the Currency dimension? (Choose four.)

A. Default Currency
B. Entity Currency
C. Journal Input Currencies
D. Parent Currency
E. Reporting Currencies
F. Input Currencies

Answer: B,C,E,F

Explanation:
The four items that are included in the Currency dimension are:
Input Currencies: These are the currencies that are used to enter data into the application. They are based on the default currency of each entity.
Journal Input Currencies: These are the currencies that are used to enter journals into the application. They are based on the default currency of each entity or reporting currency.
Entity Currency: This is a dynamic member that represents the default currency of each entity. It is used to display data in the entity's currency without translation.
Reporting Currencies: These are the currencies that are used to translate data into different currencies for reporting purposes. They are defined by the administrator and can be based on any currency.
The other options are not included in the Currency dimension. Parent Currency is a member of the Consolidation dimension, not the Currency dimension. It is used to display data in the parent entity's currency after translation. Default Currency is a property of the Entity dimension, not a member of the Currency dimension. It is used to specify the input currency for each entity.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 21; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 3-2.

NEW QUESTION # 164
Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
B. Siblings can be added to the FCCS_CashFlow_Investing member.
C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
D. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
E. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
F. The Cash Change hierarchy cannot be modified.

Answer: A,B,C,E

NEW QUESTION # 165
When defining a batch in Data Management, which statement is True?

A. A batch can load to multiple plan types.
B. A batch replaces the need for data load rules.
C. Each data load rule must specify the period or the batch will default to the POV period.
D. Batches can import from source or export to target, but not both.
E. Batches can execute data loads for multiple locations.

Answer: E

NEW QUESTION # 166
......

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