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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

A) create Member Formulas
B) load data to this account and make member formulas
C) load data to this account
D) Member Formulas cannot be created

2. Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

A) FCCS_Journal Input
B) FCCS_No Data Source
C) FCCS_PCON
D) FCCS_Intercompany Eliminations

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

4. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

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

5. Which statement is FALSE about running consolidations?

A) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
C) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

Solutions: