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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q167-Q172):

NEW QUESTION # 167
Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A. A rate was entered into the FCCS Rate Override account.
B. An ownership percentage for the entity other than 100 was entered.
C. An intercompany elimination was performed.
D. The parent entity has a different currency than the child.

Answer: B

Explanation:
The statement that explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member is: An ownership percentage for the entity other than 100 was entered. This means that the entity is not fully owned by its parent, and therefore its data is adjusted by the ownership percentage when it is consolidated. The FCCS_Entity Input member shows the data before consolidation, while the FCCS_Proportion member shows the data after applying the ownership percentage. The other options do not explain why the data might be different. A rate entered into the FCCS Rate Override account affects the currency translation, not the consolidation. The parent entity having a different currency than the child also affects the currency translation, not the consolidation. An intercompany elimination is performed after consolidation, not before, and it affects the FCCS_Eliminations member, not the FCCS_Proportion member.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 31; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-9.

NEW QUESTION # 168
Which statement correctly describes the Consolidation dimension?

A. The dimension allows users to view data in the parent currency.
B. The dimension uses a separate member for data from an entity's level-zero descendants.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension contains members to store non-controlling interest and joint venture data.

Answer: B

Explanation:
The Consolidation dimension is used to store data at different levels of consolidation, such as Entity Input, Entity Currency, Parent Currency, etc. The dimension uses a separate member for data from an entity's level-zero descendants, which is called the Contribution member. This member shows the data from the children entities before any adjustments or eliminations are applied. The other statements are not correct descriptions of the Consolidation dimension. The dimension does not allow users to view data in the parent currency (this is done by the Currency dimension), to see input versus journal adjustment data (this is done by the Data Source dimension), or to store non-controlling interest and joint venture data (this is done by the Ownership dimension).Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 15-16; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-8.

NEW QUESTION # 169
Which explains why the Currency dimension does NOT display in your application?

A. Entity-specific security rights were not properly granted
B. Multi-Currency option was not selected at application creation
C. Security access to the Multi-GAAP dimension is required
D. Security has not been granted

Answer: B

NEW QUESTION # 170
Which four sample ratios can be selected during business process creation? (Choose four.)

A. Earnings per Share
B. Days Sales in Receivables
C. Debt Ratio
D. Gross Margin
E. Inventory Ratios
F. Contribution Margin

Answer: B,C,D,E

Explanation:
The four sample ratios that can be selected during business process creation are Inventory Ratios, Debt Ratio, Days Sales in Receivables, and Gross Margin. These ratios are predefined calculations that can be used to measure the financial performance and position of an entity. You can select one or more of these ratios when creating a business process in Financial Consolidation and Close. The other options, such as Contribution Margin and Earnings per Share, are not sample ratios that can be selected during business process creation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 14; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-6.

NEW QUESTION # 171
Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A. Opening Rate
B. Average Rate
C. Ending Rate
D. Local Rate

Answer: B,C

Explanation:
The seeded exchange rate forms display two rate accounts: Average Rate and Ending Rate. These rate accounts show the exchange rates used for translating data from local currency to reporting currency. The Average Rate account shows the average exchange rate for the period, which is used for translating flow accounts. The Ending Rate account shows the ending exchange rate for the period, which is used for translating balance accounts. The other rate accounts, such as Local Rate, Opening Rate, and Historical Rate, are not available in the seeded exchange rate forms.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 49-50; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 5-4.

NEW QUESTION # 172
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