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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q136-Q141):

NEW QUESTION # 136
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 add a column with a calculation to a report
C. to copy data from one scenario to a different scenario
D. to allocate data to base entities prior to consolidation

Answer: C

Explanation:
Copy data from one scenario to another one.

NEW QUESTION # 137
A company
would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?

A. Create a Roll Forward in the account dimension.
B. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
C. Load detailed Fixed Asset data to Movement members.
D. Add custom Movement members to the FCCS_CashFlow hierarchy.
E. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.

Answer: A,C,D

NEW QUESTION # 138
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. Journal
C. Financial
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 # 139
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A. Intercompany Account
B. Plug Account
C. Intercompany Entity
D. Is Plug Account

Answer: D

NEW QUESTION # 140
What are
two important first steps in initially setting up Task Manager?

A. Define system settings such as Organization units, Holiday rules and Task attachment size.
B. Set up Users.
C. Create a schedule and set it to Open status.
D. Assign tasks to users.

Answer: A,B

Explanation:
cm_close_process_overview.html

NEW QUESTION # 141
......

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