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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

A) System Changed (SC)
B) Need Translate
C) OK
D) Impacted

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

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

3. Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

A) DAT file type
B) Tab delimited
C) Comma delimited
D) Excel XLS file type

4. Which statement is FALSE about when Intercompany Data is enabled?

A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) Tracking intercompany eliminations is optional.
C) Intercompany accounts are assigned plug accounts.
D) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.

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? (Choose three.)

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

Solutions: