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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q172-Q177):
NEW QUESTION # 172
What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?
Answer: D
Explanation:
The statement that is true about Opening Balance Override rules is: Opening Balance Override rules execute for the first period in the year only. This means that the rules only apply to the opening balances of the first period, such as January or Q1, and not to the subsequent periods. The opening balances of the subsequent periods are derived from the closing balances of the previous periods. The other statements are false about Opening Balance Override rules. They are not available only if Intercompany Data with Tracking is enabled for the business process; they are available for any business process that has intercompany data. You can select which entities to include in the rule scope, but you cannot select which accounts to include in the rule scope. The rules apply to all accounts that have intercompany data.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 33;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-25.
NEW QUESTION # 173
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?
Answer: A
NEW QUESTION # 174
What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?
Answer: B
Explanation:
FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.
NEW QUESTION # 175
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
Answer: C
NEW QUESTION # 176
You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?
Answer: A,B,C
NEW QUESTION # 177
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