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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. When defining a batch in Data Management, which statement is True?

A) Each data load rule must specify the period or the batch will default to the POV period.
B) Batches can execute data loads for multiple locations.
C) Batches can import from source or export to target, but not both.
D) A batch replaces the need for data load rules.
E) A batch can load to multiple plan types.

2. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A) The ICP dimension will be omitted.
B) An extra custom dimension will be available.
C) The FCCS_No Intercompany member of the ICP dimension will be used for all data.
D) Data can be stored by intercompany partner but no eliminations will occur.

3. A company
would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?

A) Create a Roll Forward in the account dimension.
B) Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
C) Add custom Movement members to the FCCS_CashFlow hierarchy.
D) Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
E) Load detailed Fixed Asset data to Movement members.

4. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Control
B) Ownership Percentage
C) Consolidation Percentage
D) Minority Interest Percentage
E) Consolidation Method

5. Which explains why the Currency dimension does NOT display in your application?

A) Entity-specific security rights were not properly granted
B) Security access to the Multi-GAAP dimension is required
C) Security has not been granted
D) Multi-Currency option was not selected at application creation

Solutions: