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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions (Q30-Q35):

NEW QUESTION # 30
Which statement is true of journals created from Recurring templates?

A. The initial status of journals created from Recurring templates is Approved.
B. The line items in journals created from Recurring templates are read only.
C. Journals for recurring templates are created automatically when you open a period for journals.
D. The initial status of journals created from Recurring templates is Posted.

Answer: C

Explanation:
Explanation
Journals for recurring templates are created automatically when you open a period for journals. Recurring templates are used to create journals that repeat in multiple periods with the same or different amounts. You can specify the frequency, start period, end period, and amount type for recurring templates. The initial status of journals created from recurring templates is Unposted, not Approved or Posted. The line items in journals created from recurring templates are editable, not read only. References: Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 75-76; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 10-7.

NEW QUESTION # 31
Which four items are included in the Currency dimension? (Choose four.)

A. Entity Currency
B. Input Currencies
C. Parent Currency
D. Default Currency
E. Reporting Currencies
F. Journal Input Currencies

Answer: A,B,E,F

Explanation:
Explanation
The four items that are included in the Currency dimension are:
Input Currencies: These are the currencies that are used to enter data into the application. They are based on the default currency of each entity.
Journal Input Currencies: These are the currencies that are used to enter journals into the application.
They are based on the default currency of each entity or reporting currency.
Entity Currency: This is a dynamic member that represents the default currency of each entity. It is used to display data in the entity's currency without translation.
Reporting Currencies: These are the currencies that are used to translate data into different currencies for reporting purposes. They are defined by the administrator and can be based on any currency.
The other options are not included in the Currency dimension. Parent Currency is a member of the Consolidation dimension, not the Currency dimension. It is used to display data in the parent entity's currency after translation. Default Currency is a property of the Entity dimension, not a member of the Currency dimension. It is used to specify the input currency for each entity. References: [Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 21; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 3-2.

NEW QUESTION # 32
Which statement is FALSE about Task Manager schedules?

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

Answer: B

Explanation:
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. References: 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 # 33
Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A. Write
B. None
C. Comment
D. Read

Answer: D

Explanation:
Explanation
The users' default access to members in the Account dimension when security is enabled but no member access rights are assigned is Read. This means that users can view data for any account member, but they cannot enter or modify data. Read is also the default access level for any dimension when security is enabled but no member access rights are assigned. The other options are not users' default access to members in the Account dimension when security is enabled but no member access rights are assigned. None means that users cannot view or modify data for any account member, which would prevent them from using the application.
Comment means that users can view and comment on data for any account member, but they cannot enter or modify data.
Write means that users can view and modify data for any account member, which would give them full access to the application.
References: Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 17; Oracle Financial Consolidation and Close Cloud Service User's Guide, page 2-9.

NEW QUESTION # 34
When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A. Plug Account
B. Intercompany Entity
C. Intercompany Account
D. Is Plug Account

Answer: A

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/EPM-INFORMATION-DEVELOPME

NEW QUESTION # 35
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