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Download Oracle Financial Consolidation and Close 2022 Implementation Professional Exam Dumps

NEW QUESTION 27
Which statement is true regarding shared members and valid intersection rules?

• A. If a base member is included in a valid intersection rule, then any shared member is not included in the rule
• B. Shared members are supported in valid intersection rules
• C. Shared members are not supported in valid intersection rules
• D. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule

Answer: A,C

Explanation:
Shared members are supported in valid intersection rules. If a base member is selected for a valid intersection rule, any shared members are also included in the rule.
Reference:
admin_valid_intersections_shared_members_and_rules_102x58c8d618.html

NEW QUESTION 28
Which statement correctly describes the Consolidation dimension?

• A. The dimension aggregates input, consolidated, and elimination data together.
• B. The dimension uses a separate member to store data from an entity's descendants.
• C. The dimension contains members to store non-controlling interest and joint venture data.
• D. The dimension allows users to see input versus journal adjustment data.

Answer: D

NEW QUESTION 29
You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?

• A. Level 0 dimension members on POV, rows and columns
• B. Set access rights for data input users to the form
• C. Give data input users WRITE access to form dimension members
• D. Set the currency on the form to the reporting currency member USD_Reporting

Answer: A,B,C

NEW QUESTION 30
Which two
statements are true of the roll forward calculation in the Movement dimension?

• A. Translated values for Closing Balance are adjusted to the ending rate for the period.
• B. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
• C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
• D. Values for Opening Balance are retrieved from the prior period Closing Balance.

Answer: A,D

Explanation:
If Entity currency and Parent currency Closing Balance data does not exist in the prior period, then the Ending Rate for the prior period is used.
Opening balance is calculated from the prior period's Closing Balance.
Reference:
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/built_in_calculations.html

NEW QUESTION 31
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