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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q153-Q158):

NEW QUESTION # 153
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?

A. 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.
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.
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.
D. 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.

Answer: B

NEW QUESTION # 154
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A. Footer
B. Grid
C. Header
D. Chart

Answer: B,D

Explanation:
Grid and Chart are two types of insertable report objects when designing a report in Financial Reporting Studio. Financial Reporting Studio is a tool that allows you to create reports based on the data in Financial Consolidation and Close using various report objects, such as grids, charts, text boxes, images, etc. A Grid report object displays data in rows and columns with optional calculations and formatting. A Chart report object displays data in graphical form with different chart types, such as bar, pie, line, etc. The other options, such as Header and Footer, are not insertable report objects but report sections that can contain report objects.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 51-52; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 4-2.

NEW QUESTION # 155
When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

A. Report performance
B. Designing dynamic reports
C. Suppress missing blocks
D. Expanded vs. single data segments

Answer: C

NEW QUESTION # 156
When can the Intercompany Dimension be enabled and n=made visible within your application?

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

Answer: C

NEW QUESTION # 157
Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

A. OK
B. Need Translate
C. Impacted
D. System Changed (SC)

Answer: D

Explanation:
The entity's calculation status must be OK, No Data, or System Change. You cannot lock an entity with Impacted calculation status.
locking_and_unlocking_entities.html

NEW QUESTION # 158
......

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