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Which two statements about the Copy Data function are true? (Choose two.)
A. You cannot select which Account members to copy.
B. You can copy data for historical rate and amount overrides.
C. You can select which Consolidation dimension member to copy.
D. When you select the Regular Data option, journals data is included.
Answer: B,C
Explanation:
The two statements about the Copy Data function that are true are:
You can select which Consolidation dimension member to copy. You can choose to copy data from any member of the Consolidation dimension, such as FCCS_Entity Input, FCCS_Proportion, or FCCS_Eliminations.
You can copy data for historical rate and amount overrides. You can select to copy data from or to the FCCS Historical Rate Override or FCCS Historical Amount Override accounts.
The other statements are false. When you select the Regular Data option, journals data is not included; you need to select the Journals option to copy journals data. You can select which Account members to copy; you can choose to copy all accounts or specific accounts.[Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide], page 27; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 4-16.
NEW QUESTION # 99
How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
A. Enable a dimension for Currency after application creation via a Metadata load.
B. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
C. During application creation, select the Multicurrency option of "Yes".
D. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
Answer: A
Explanation:
Enable a dimension for Currency after application creation via a Metadata load.
NEW QUESTION # 100
For data load rules in Data Management, which two statements are FALSE?
A. If specified, the import format will be used; if not, then the location's format will be used.
B. End users can upload a file when running a data load rule.
C. A job must first run to import the data file before the user can run the data load rule.
D. Valid load types are Merge and Replace.
E. Data load rules cannot be shared across locations.
Answer: C,D
NEW QUESTION # 101
Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
A. The child entity is NOT a shared entity.
B. To specify exchange rates you must set up multiple currencies when creating an application.
C. The default currency of the child is different from the default currency of the parent.
D. Reporting currencies have been defined in the Currency dimension.
Answer: C,D
Explanation:
The two conditions that are required for foreign currency translation to take place during the default consolidation process are:
The default currency of the child is different from the default currency of the parent.
Reporting currencies have been defined in the Currency dimension.
These conditions ensure that there is a need and a way to translate the child entity's data into another currency. If the child entity has the same default currency as the parent, there is no need for translation. If reporting currencies have not been defined in the Currency dimension, there is no way to specify exchange rates or translation methods. The other options are not required for foreign currency translation. The child entity can be a shared entity, as long as it has a different default currency than its parent. To specify exchange rates, you do not need to set up multiple currencies when creating an application; you can do it later in Data Management.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 31; [Oracle Financial Consolidation and Close Cloud Service User's Guide], page 5-16.
NEW QUESTION # 102
Which statement is FALSE when enabling a Multi-GAAP application?
A. The system automatically creates an FCCS_IFRS member.
B. Two custom dimensions are available after enabling Multi-GAAP.
C. Additional GAAP adjustment can be created.
D. The Multi-GAAP dimension is optional.
Answer: B
NEW QUESTION # 103
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