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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is FALSE when setting up Shared Entities?

A) The calculation status will not change in all instances when data is changed in one instance.
B) When data is posted to one shared entity, the data is posted to all instances.
C) The Data Storage Member Property must set to "Dynamic Calc".
D) You build an alternate hierarchy by using partial share Entity members.

2. Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

A) Select Import, then Actions, and then Data
B) Select Application, then Overview, then Actions, and then Import Data
C) Select Dimensions, then Actions, and then Import Data
D) Select Application, then Overview, then Data, and then Export

3. Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A) Value, Entity, Account
B) Period, Year, Entity
C) Multi-GAAP, Data Type, Intra-company
D) Data source, Consolidation, View
E) From Currency, Movement, Scenario

4. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) A rate was entered into the FCCS Rate Override account.
B) The parent entity has a different currency than the child.
C) An intercompany elimination was performed.
D) An ownership percentage for the entity other than 100 was entered.

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

Solutions: