Oracle FCCs Certification Exam
(Latest Update)
Questions and Verified Answers |
100% Correct | Grade A
Question:
Which statement is FALSE about running consolidations?
a. When you consolidate an entity for a period, prior periods with Impacted
calculation status are also consolidated.
b. When you run consolidation for a child with Impacted calculation status,
the parent entity is also re-consolidated.
c. Running consolidation using the force Consolidate option consolidates
entities with any calculation status other than OK and NO DATA.
d. When you consolidate a parent children with impacted calculation status
are also consolidated.
Answer:
b. When you run consolidation for a child with Impacted calculation status,
the parent entity is also re-consolidated.
,Question:
Which two statements are true about the Multi-GAAP feature?
a. You can select from North America, Europe, and UK GAAP standards
b. You must specify a prefix for entities that use the alternate gap standard
c. Enabling the Multi-GAAP reduces the number of custom dimensions you
can have.
d. You can select manual adjustments or calculated adjustments.
Answer:
c. Enabling the Multi-GAAP reduces the number of custom dimensions you
can have.
d. You can select manual adjustments or calculated adjustments.
Question:
For which four dimensions does FCC maintain calculation status?
a. Data Source
b. Year
c. Entity
d. Consolidation
e. Period
f. Scenario
Answer:
b. Year
c. Entity
,e. Period
f. Scenario
Question:
Which two are NOT selectable as Workflow dimensions for a Collection
Interval in Supplemental Data Manager?
a. Scenario
b. Period
c. Year
d. Account
e. Entity
Answer:
b. Period
c. Year
Question:
You have created a navigation flow named Analysts that should be the default
navigation for users in the Analysts user group. How can the Analysts
navigation flow be made the default for Analysts user group?
a. In their user preferences settings, members of the Analysts user group
should select Analysts in the Navigation Flow List.
b. Because the navigation flow was given exactly the same name as the user
group, it is assigned automatically to the group.
, c. In the Analysts navigation flow, select the Analysts user group in the Assign
To field.
d. In Application Settings, assign Analysts to the Analysts user group in the
System Settings section.
Answer:
c. In the Analysts navigation flow, select the Analysts user group in the Assign
To field.
Question:
For which scenario would an On-Demand rule be an appropriate solution?
a. to perform a custom currency translation for a subset of accounts
b. to add a column with a calculation to a report
c. to import data into a form or Smart view worksheet
d. to allocate data to base entities prior to consolidation
Answer:
c. to import data into a form or Smart view worksheet
Question:
You have added Configurable Calculation rules to Final Calculations on the
Local Currency on Consolidation Process Page. When are the Configurable
Calculation rules that you added executed?
a. After Calculate Movements
(Latest Update)
Questions and Verified Answers |
100% Correct | Grade A
Question:
Which statement is FALSE about running consolidations?
a. When you consolidate an entity for a period, prior periods with Impacted
calculation status are also consolidated.
b. When you run consolidation for a child with Impacted calculation status,
the parent entity is also re-consolidated.
c. Running consolidation using the force Consolidate option consolidates
entities with any calculation status other than OK and NO DATA.
d. When you consolidate a parent children with impacted calculation status
are also consolidated.
Answer:
b. When you run consolidation for a child with Impacted calculation status,
the parent entity is also re-consolidated.
,Question:
Which two statements are true about the Multi-GAAP feature?
a. You can select from North America, Europe, and UK GAAP standards
b. You must specify a prefix for entities that use the alternate gap standard
c. Enabling the Multi-GAAP reduces the number of custom dimensions you
can have.
d. You can select manual adjustments or calculated adjustments.
Answer:
c. Enabling the Multi-GAAP reduces the number of custom dimensions you
can have.
d. You can select manual adjustments or calculated adjustments.
Question:
For which four dimensions does FCC maintain calculation status?
a. Data Source
b. Year
c. Entity
d. Consolidation
e. Period
f. Scenario
Answer:
b. Year
c. Entity
,e. Period
f. Scenario
Question:
Which two are NOT selectable as Workflow dimensions for a Collection
Interval in Supplemental Data Manager?
a. Scenario
b. Period
c. Year
d. Account
e. Entity
Answer:
b. Period
c. Year
Question:
You have created a navigation flow named Analysts that should be the default
navigation for users in the Analysts user group. How can the Analysts
navigation flow be made the default for Analysts user group?
a. In their user preferences settings, members of the Analysts user group
should select Analysts in the Navigation Flow List.
b. Because the navigation flow was given exactly the same name as the user
group, it is assigned automatically to the group.
, c. In the Analysts navigation flow, select the Analysts user group in the Assign
To field.
d. In Application Settings, assign Analysts to the Analysts user group in the
System Settings section.
Answer:
c. In the Analysts navigation flow, select the Analysts user group in the Assign
To field.
Question:
For which scenario would an On-Demand rule be an appropriate solution?
a. to perform a custom currency translation for a subset of accounts
b. to add a column with a calculation to a report
c. to import data into a form or Smart view worksheet
d. to allocate data to base entities prior to consolidation
Answer:
c. to import data into a form or Smart view worksheet
Question:
You have added Configurable Calculation rules to Final Calculations on the
Local Currency on Consolidation Process Page. When are the Configurable
Calculation rules that you added executed?
a. After Calculate Movements
