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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q94-Q99):
NEW QUESTION # 94
For your
business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?
- A. Delete the default Approval Unit hierarchy.
- B. Select the Consolidation template when setting up the Approval Unit hierarchy.
- C. Select as owners only users with the Service Administrator or Power User security role.
- D. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
Answer: B
Explanation:
Section: (none)
To lock or unlock an entity, you must create an approval unit hierarchy containing the entities you want to lock.
By default, Financial Consolidation and Close provides an approval unit named "Total Geography".
locking_and_unlocking_entities.html
NEW QUESTION # 95
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- A. Integrate with source systems.
- B. Provide predictive analysis and modeling.
- C. Provide a strong compliance framework that includes auditing and segregation of duties.
- D. Ensure security of sensitive data.
Answer: A,C,D
NEW QUESTION # 96
Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
- A. calculations, dashboards and reports to provide analysis for cash flow modeling
- B. calculations, dashboards and reports built on planning frameworks to provide cash flow planning
- C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow
- D. pre-built integrations to combine narrative and data to produce both internal and external reporting packages
Answer: C
NEW QUESTION # 97
How do you navigate if you want to export a form to a Snapshot file?
- A. From the Home page, select Tools, and then Clone Snapshot.
- B. From the Home page, select Tools, and then Migration.
- C. Open the form, select Actions, and then Export.
- D. From the Navigator menu, select Forms.
Answer: C
Explanation:
To export a form to a Snapshot file, you need to open the form, select Actions, and then Export. This will create a Snapshot file that contains the form definition and data. You can use this file to import the form to another application or environment. The other options are not related to exporting forms. Clone Snapshot is used to copy an existing Snapshot file, Migration is used to migrate artifacts between applications or environments, and Forms is used to create or edit forms.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 23; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 4-10.
NEW QUESTION # 98
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
- A. Store
- B. Dynamic Calc and Store
- C. No Rate
- D. Never Share
- E. Dynamic
Answer: A
NEW QUESTION # 99
......
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