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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which components are prebuilt into Financial Consolidation and Close 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

2. You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

A) The task will not run.
B) The schedule end date changes to match the end date of the task.
C) The new task will run outside of the schedule end date.
D) An error, you can't add a new task past the due date.

3. Which statement is correct regarding intercompany eliminations?

A) Intercompany eliminations are needed when a company divests itself of a division.
B) Intercompany eliminations are required for sustainability reporting to show the company's waste output.
C) Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.
D) Intercompany eliminations are generally required to remove the effect of transactions within the company.

4. You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?

A) Set access rights for data input users to the form
B) Level 0 dimension members on POV, rows and columns
C) Set the currency on the form to the reporting currency member USD_Reporting
D) Give data input users WRITE access to form dimension members

5. Which statement about Opening Balance Override rules is true?

A) Opening Balance Override rules execute for the first period in the year only.
B) You can select which accounts to include in the rule scope.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) You can select which entities to include in the rule scope.

Solutions: