The Oracle Financial Consolidation and Close 2019 Certified Implementation Specialist has shown the information and abilities in actualizing Enterprise Performance Management and Oracle Financial Consolidation and Close arrangements. People holding this accreditation can set up and arrange security, make a Financial Consolidation and Close business process, make informational collections and measurement traits, set up a nearby procedure, and configuration reports utilizing Financial Reporting Studio.
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Question No 1:
When setting an account property to a data storage type of “Dynamic Calc” which two are allowed?
A. Member Formulas cannot be created
B. load data to this account and make member formulas
C. load data to this account
D. create Member Formulas
Answer: B D
Question No 2:
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
Question No 3:
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
A. when the tasks are repeatable over multiple close cycles
B. when the tasks require consistent definition across close schedules
C. when the tasks are often late in completion and they need to be monitored more closely
D. when the tasks require multiple levels of approvers