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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What can the Intercompany Dimension be enabled and made visible within your application?

A) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
B) during application creation and selecting the Intercompany Data feature option
C) during application creation and selecting the Multi-source Data Input of Other Data
D) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

2. What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?

A) Opening Balance Override rules execute for the first period in the year only.
B) You can select which entities to include in the rule scope.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) You can select which accounts to include in the rule scope.

3. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Grid
B) Header
C) Footer
D) Chart

4. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A) FCCS_SystemTypes
B) FCCS_Proportion
C) FCCS_No Data Source
D) FCCS_Data Input

5. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Each period in the year must consolidate separately.
B) There is no reason to consolidate years sequentially.
C) Parent account calculations depend on the sequencing.
D) Years should be consolidated sequentially to ensure that rollforward calculations are correct.

Solutions: