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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A) FCCS_Elimination
B) FCCS_Translation
C) FCCS_Rate Override
D) FCCS_Proportion
E) FCCS_Amount_Override
F) FCCS_Contribution

2. Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

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

3. 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) Application mapping is not required if the global mapping target category is exactly correct.
D) The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

4. Which statement
about the Equity Pickup feature is FALSE?

A) Equity Pickup rules run as part of the consolidation process.
B) Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
C) Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
D) Seeded rule-sets are provided for Equity Pickup.

5. Which two statements are true about Enterprise Journals? (Choose two.)

A) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
B) You cannot deploy Enterprise Journals to a period with Pending status.
C) You can assign a team as preparer or reviewer.
D) Line items can only include entities that have been enabled for Enterprise Journals.

Solutions: