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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Data Input
B) FCCS Total input And Adjusted
C) FCCS Entity Input
D) FCCS Proportion

2. Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?

A) A consolidation of Company XYZ
B) A translation of Company XYZ to Parent Currency
C) A translation of Company IOU
D) A consolidation of Company 123
E) A translation to the USD_Reporting currency member for Company IOU

3. Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A) Financial Close Management
B) Supplemental Data Management
C) Account Reconciliation Management
D) Process Management
E) Data Management

4. Which is true behavior of default FCCS_ members within an application?

A) You can change the Alias of these default FCCS_ members at any time.
B) You cannot change the Alias of these default FCCS_ members.
C) You can change the default FCCS_ member prefix at application creation.
D) You can change the Name of these default FCCS_ members at any time.

5. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Translated values for Closing Balance are adjusted to the ending rate for the period.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

Solutions: