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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A) An ownership percentage for the entity other than 100 was entered.
B) The parent entity has a different currency than the child.
C) An intercompany elimination was performed.
D) A rate was entered into the FCCS_Rate Override account.

2. Which statement
is FALSE 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) The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
D) Intercompany accounts are assigned plug accounts.

3. You have
created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group.
How can the Analysts navigation flow be made the default for the Analysts user group?

A) In Application Settings, assign Analysts to the Analysts user group in the System Settings section.
B) In their User Preferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list.
C) In the Analysts navigation flow, select the Analysts user group in the Assign To field.
D) Because the navigation flow was given exactly the same name as the user group, it is assigned automatically to the group

4. Which three dimensions can be included in an approval group? (Choose three.)

A) Entity
B) Scenario
C) Movement
D) Account
E) Multi-GAAP

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

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

Solutions: