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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. In the
Movement dimension, for which two can you modify the default translation calculation?

A) Base-level members under FCCS_Mvmts Subtotal
B) Opening Balance
C) Opening Balance Input
D) Closing Balance

2. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
B) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
C) Calculations, dashboards, and reports to provide analysis for cash flow modeling
D) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages

3. Which statement correctly describes the Consolidation dimension?

A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension allows users to view data in the parent currency.

4. You are required to create a form that allows users to input dat
a. Which three actions are consistent with this? (Choose three.)

A) Set the currency on the form to Parent Currency.
B) Grant the data input users Write access to the dimension members used on the form.
C) Set the consolidation member on the form to FCCS Entity Input.
D) Select level 0 dimension members for POV\ rows, and columns. www*'
E) In the member selection for Entity, do not include shared entities; include only primary instances of entities.

5. Which statement is true regarding Data Management categories?

A) Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
B) Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
C) The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
D) Application mapping is not required if the global mapping target category is exactly correct.

Solutions: