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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions (Q18-Q23):

NEW QUESTION # 18
When can the Intercompany Dimension be enabled and n=made visible within your application?

A. during application creation and selecting Multi-source Data Input of Other Data
B. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
C. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
D. during application creation and selecting the Intercompany Data feature option

Answer: D

NEW QUESTION # 19
For which task categories is Audit enabled by default?

A. Data only
B. No task categories
C. All task categories
D. Journals

Answer: C

Explanation:
Audit is enabled by default for all task categories in Financial Consolidation and Close. Audit is a feature that allows you to track the changes made to data, metadata, security, application settings, etc. in Financial Consolidation and Close. You can view the audit records in the Audit page or export them to a file. Audit is enabled by default for all task categories, such as Data, Journals, Metadata, Security, etc., but you can disable it for specific task categories if needed.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 85; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 11-5.

NEW QUESTION # 20
Which two are required fields when registering a source system in Data Management?

A. Drill Through URL
B. Cloud Type
C. Source System Type
D. Name

Answer: A,D

Explanation:
registering_file-based_source_systems.html

NEW QUESTION # 21
Which two statements are true regarding the Copy Data function?

A. You can copy data for historical rate and amount overrides.
B. You can select which Consolidation dimension member to copy.
C. When you select the Regular Data option, journals data is included.
D. You cannot select which Account members to copy.

Answer: A,C

Explanation:
You can copy these types of data:
Regular Data (including journals)
Override Data - rates and amounts entered on the Override Rates form for historical rate override accounts

NEW QUESTION # 22
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

A. load data to this account
B. Member Formulas cannot be created
C. load data to this account and make member formulas
D. create Member Formulas

Answer: C,D

NEW QUESTION # 23
......

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