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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. What action requires refreshing the database?
A) You edit the Consolidation Operator for a member in the Account dimension.
B) You change the ownership percentage for an entity.
C) You edit the alias for a member in the Entity dimension.
D) You deploy a new Configurable Calculation rule in Calculation Manager.
2. Where do you set the Intercompany Entities Aggregation option?
A) In the member properties of the Intercompany Top member
B) In the Setup Wizard during business process creation
C) On the Properties page of the Intercompany dimension
D) In the member properties of the Intercompany Entities member
3. Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
A) Provide predictive analysis and modeling.
B) Integrate with source systems.
C) Provide a strong compliance framework that includes auditing and segregation of duties.
D) Ensure security of sensitive data.
4. What is the correct Currency dimension member to select when running an Intercompany Matching Report?
A) Reporting Currency
B) Parent Currency
C) Input Currency
D) Entity Currency
5. Which two statements about the Copy Data function are true? (Choose two.)
A) You cannot select which Account members to copy.
B) You can select which Consolidation dimension member to copy.
C) You can copy data for historical rate and amount overrides.
D) When you select the Regular Data option, journals data is included.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B,C,D | Question # 4 Answer: A | Question # 5 Answer: B,C |
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