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NEW QUESTION 65
Which statement accurately describes alternate hierarchies?
- A. Contribution to parent members are similar
- B. Data must be enteredmultiple times for shared members
- C. Single entities having multiple parents
- D. Parent members having the same currency
Answer: C
NEW QUESTION 66
Which two prebuilt calculations run on the Movement dimension to determine CTA by account?
- A. Prior EndingRate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
- B. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
- C. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
- D. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
Answer: B,D
NEW QUESTION 67
Which statement correctly describes the Consolidation dimension?
- A. The dimension contains members to store non-controlling interest and joint venture data.
- B. The dimension uses a separate member for data from an entity's level zero descendants.
- C. The dimension allows users to view data in the parent currency.
- D. The dimension allows users to see input versus journal adjustment data.
Answer: C
NEW QUESTION 68
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
- A. Is Plug Account
- B. Intercompany Account
- C. Plug Account
- D. Intercompany Entity
Answer: A
NEW QUESTION 69
Which three scenarios result in foreign currency translation during the default consolidation process?
(Choose three.)
- A. A base entity currency has a parent entity with a different default currency.
- B. A parent entity has the same default currency as its parent.
- C. A base entity currency has a parent entity with a matching default currency.
- D. A shared entity has a parent with a different currency.
- E. A parent entity has a different currency from its parent.
Answer: A,D,E
NEW QUESTION 70
PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?
- A. First order relation
- B. Generation 0
- C. First common parent
- D. Lowest common denominator
Answer: C
NEW QUESTION 71
How can the Intercompany dimension be enabled within your application?
- A. In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.
- B. During application creation, select the Intercompany Data option.
- C. In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
- D. In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
Answer: A
Explanation:
Reference:
intercompany_property_for_entities.html
NEW QUESTION 72
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. Data source, Consolidation, View
- B. From Currency, Movement, Scenario
- C. Multi-GAAP, Data Type, Intra-company
- D. Value, Entity, Account
- E. Period, Year, Entity
Answer: E
NEW QUESTION 73
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this?
- A. Select level 0 dimension members for the POV, rows, and columns.
- B. Set the currency on the form to Parent Currency.
- C. Set the consolidation member on the form to FCCS_Entity Input.
- D. Grant the data input users WRITE access to the dimension members used on the form.
- E. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
Answer: A,C,D
Explanation:
For bottom-up versions, rows and columns with level 0 members allow data entry.
Administrators have write access to all dimension members and to all forms.
Reference:
form_design_considerations.html
https://docs.oracle.com/cd/E57185_01/AGOHP/acc_assg.html
NEW QUESTION 74
Inwhich two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- B. A variance in the Average rate and the Ending rate
- C. The account is FCCS_Net Income
- D. The current FCCS_CTA account balance does not change from the prior period
Answer: D
NEW QUESTION 75
Which two are required fields when registering a source system in Data Management?
- A. Drill Through URL
- B. Name
- C. Cloud Type
- D. Source System Type
Answer: A,B
Explanation:
Reference:
registering_file-based_source_systems.html
NEW QUESTION 76
What will Financial Consolidation and Close (FCCS) do whenadding a new member that is an expense type account under a parent that is set as an income type account?
- A. this setting will not affect additions or subtractions to the next parent
- B. add amounts consolidated to the parent
- C. you can't load data to this account
- D. subtract amounts consolidated to the parent
Answer: D
NEW QUESTION 77
Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?
- A. Entity, Currency, Account
- B. Entity, Consolidation, Currency
- C. Consolidation, Currency, Account
- D. Currency, Account, Movement
Answer: D
NEW QUESTION 78
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
- A. February should be consolidated, after which the cash at AceCo is now 65.
- B. January should be consolidated for the change and nothing needs to happen for February.
- C. There is no way to do a prior period entry like this.
- D. January and February should be consolidated.
Answer: D
NEW QUESTION 79
To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?
- A. Intercompany Plug Accounts
- B. Elimination Consolidation Dimension member
- C. Intercompany Accounts
- D. Intercompany Partners
Answer: D
Explanation:
Explanation: Intercompany Partner (ICP) Matching reports list the intercompany transactions that are eliminated during consolidation. Intercompany transactions are managed across the Intercompany Partner dimension. Reference: https://docs.oracle.com/cd/E57185_01/HFMAG/ch09s02.html
NEW QUESTION 80
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 100% owned, and R has 10 of the 30 as an intercompany receivable balancewith another division that is not a descendant of AceCo.
- C. 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.
- D. P has adifferent currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Answer: C
NEW QUESTION 81
Which statement is true of the default FCCS_ members within an application?
- A. You can change the default FCCS_ member prefix at application creation.
- B. You can change the Alias.
- C. You can change the Data Storage property.
- D. You can change the Name.
Answer: B
Explanation:
Explanation
Explanation/Reference:
The member names of the seeded accounts cannot be changed, but the aliases can.
NEW QUESTION 82
Whichstatement is true regarding Data Management categories?
- A. Application mapping is not required if the global mapping target category is exactly correct.
- B. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
- C. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
- D. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
Answer: D
NEW QUESTION 83
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