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Oracle Financial Consolidation and Close 2022 Implementation Professional Questions and Answers

Question 1

Which two statements are true of the roll forward calculation in the Movement dimension?

Options:

A.

Values for base-level Movement members are calculated as the difference between Closing Balance and

Opening Balance.

B.

Translated values for Closing Balance are adjusted to the ending rate for the period.

C.

Values for Opening Balance are retrieved from the prior period Closing Balance.

D.

Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

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Question 2

Once metadata is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

Options:

A.

Impacted

B.

Need Translate

C.

OK

D.

System Changed (SC)

Question 3

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

Options:

A.

Prior AverageRate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

B.

Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C.

FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

D.

FCCS_Mvmts_Subtotalmultiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate