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

NEW QUESTION # 31
Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A. Execute Integration dialog box
B. Workbench
C. Location Attributes section of the Create Integration dialog box
D. Options tab of the Application Details dialog box

Answer: D

Explanation:
The place in Data Integration where you specify the default member for the Multi-GAAP dimension is the Options tab of the Application Details dialog box. This is where you can set default members for any dimension that is not mapped in your integrations. The default member for Multi-GAAP will be used when loading data from sources that do not have multiple GAAPs. The other options are not places where you specify the default member for Multi-GAAP. The Workbench is where you define source files and mappings, but not default members. The Execute Integration dialog box is where you run integrations, but not specify default members. The Location Attributes section of the Create Integration dialog box is where you select target applications and scenarios, but not default members.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 41; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 9-6.

NEW QUESTION # 32
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

A. System Administrator
B. Power User
C. Metadata Supervisor
D. Metadata Administrator

Answer: D

Explanation:
Service Administrators have Write access to all dimension members and to all forms.

NEW QUESTION # 33
Which statement is FALSE about Task Manager schedules?

A. You can still add tasks to a schedule that has been closed.
B. You can re-open a schedule that has been locked.
C. To start all the tasks in a schedule, you must change the status from Pending to Open.
D. Users can still complete tasks in a schedule that has been closed.

Answer: A

Explanation:
The statement that is false about Task Manager schedules is: You can still add tasks to a schedule that has been closed. This is false because you cannot add tasks to a schedule that has been closed; you can only add tasks to a schedule that is open or pending. Closing a schedule means that the schedule is completed and no further changes are allowed. The other statements are true about Task Manager schedules. Users can still complete tasks in a schedule that has been closed, as long as the tasks are not past due. You can re-open a schedule that has been locked, as long as you have the Unlock Schedule role assignment. To start all the tasks in a schedule, you must change the status from Pending to Open, which triggers the task start dates and due dates.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 43;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 8-4.

NEW QUESTION # 34
Which four sample ratios can be selected during business process creation? (Choose four.)

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

Answer: A,C,E,F

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 # 35
Which statement is true about an approval process with the Phase Dependency option enabled?

A. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
B. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
C. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

Answer: D

Explanation:
The statement that is true about an approval process with the Phase Dependency option enabled is: Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase. The Phase Dependency option is used to enforce sequential submission of data by different entities or groups of entities within an approval unit hierarchy. If this option is enabled, data for an earlier phase must be promoted to a higher level before data for a later phase can be promoted to the same level or higher. For example, if Phase 1 data is at level 2 and Phase 2 data is at level 1, Phase 2 data cannot be promoted to level 2 or higher until Phase 1 data is promoted to level 3 or higher.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 29; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 6-10.

NEW QUESTION # 36
......

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