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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q10-Q15):

NEW QUESTION # 10
Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

Answer: B,C,E


NEW QUESTION # 11
Which statement
is FALSE when Intercompany Data is enabled?

Answer: B

Explanation:
Elimination data applies to all children, including children with a different Domicile than the Parent, a blendedrate is entered at the Parent Entity's domicile. If you want to disable the elimination global rules, do not enterrates at the Parent entity.
admin_tax_automation_intercompany_eliminations_100x084ae29f.html


NEW QUESTION # 12
You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

Answer: B

Explanation:
To prevent users from saving data in a form if the value entered for Headcount is greater than 1000, you can create a Groovy rule that checks the value of the Headcount member and throws an exception if it exceeds the limit. This is the most efficient means to accomplish this because Groovy rules can be executed on forms and can validate data before saving. Task Manager rules, Configurable Consolidation rules, and valid intersection rules are not suitable for this requirement because they either run after data is saved or do not have the ability to check the value of a specific member.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 67-68; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-1.


NEW QUESTION # 13
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,D


NEW QUESTION # 14
Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

Answer: B,C


NEW QUESTION # 15
......

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