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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q31-Q36):

NEW QUESTION # 31
Which item describes the use for the Currency dimension property Triangulation Currency?

A. The ability to calculate CTA (Cumulative Translation Adjustment)
B. The ability to input foreign exchange rates
C. The ability to force translations
D. The ability to report in multiple currencies
E. The ability to calculate foreign exchange rates

Answer: E

NEW QUESTION # 32
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. Intercompany
B. Consolidation
C. Financial
D. Journal

Answer: B

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 # 33
For which scenario would an On-Demand rule be an appropriate solution?

A. To perform a custom currency translation for a subset of accounts
B. To import data into a form or Smart View worksheet
C. To allocate data to base entities prior to consolidation
D. To add a column with a calculation to a report

Answer: A

Explanation:
Performing a custom currency translation for a subset of accounts is a scenario where an On-Demand rule would be an appropriate solution. An On-Demand rule is a type of business rule that can be executed manually by users on forms or Smart View worksheets. An On-Demand rule can perform calculations or transformations on selected data cells without affecting other data cells. For example, an On-Demand rule can be used to translate data from local currency to reporting currency using a different exchange rate than the default one for a subset of accounts.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 61-62; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-1.

NEW QUESTION # 34
On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

A. the first and third Friday of each month; first Friday for TEST and third Friday for PROD
B. the first and third Monday of each month; first Monday for TEST and third Monday for PROD
C. the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
D. the third Friday of each month to apply to both TEST and PROD simultaneously

Answer: A

NEW QUESTION # 35
When can the Intercompany Dimension be enabled and n=made visible within your application?

A. during application creation and selecting Multi-source Data Input of Other Data
B. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
D. during application creation and selecting the Intercompany Data feature option

Answer: D

NEW QUESTION # 36
......

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