Three child entities – P, Q, and R – of a mid-level parent entity – AceCo – have account receivables in the amounts of 10, 20, and 30, respectively. Which statement contains conditions for all three entities that would cause…

When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set? A. Plug Account B. Intercompany Account C. Is Plug Account D. Intercompany Entity

The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting. To define a Close Manager task template to monitor all…

Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.) A. Submit data B. Adjust data with Journals C. Retrieve data D. Run a rule such as Consolidate or Translate

Which statement is true regarding Data Management categories? A. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab B. Categories must begin with FCCS_ to match their Financial Consolidation and…

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application? A. by selecting Application, then Overview, then Dimensions, and then Export B. by selecting Dimension, then Import, and then Metadata C. by selecting Application, then Overview, then…

When enabling Multi-GAAP during application creation, which additional option is available? A. Automatically calculate adjustment B. Allow adjustments for IFRS C. Track Multi-Source Data Input D. Include Supplemental Data

A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution. Which two requirements from this team would Oracle’s Financial Consolidation…

Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application? A. 3-3-3-3 B. 3-3-3-4 C. 4-4-4-4 D. 4-4-4-5

Which statement correctly describes when a consolidation can occur within a given year/scenario? A. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content. B. The current period consolidation status is Impacted and…