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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. You need
to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?

A) the Point of View
B) the Page Axis
C) rows
D) columns

2. Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

A) FCCS_CashChange movement member
B) FCCS_CashFlow_Accounts Payable account member
C) FCCS_Total Balance Sheet - Cash and NonCash account member
D) FCCS_Accounts Payable account member
E) FCCS_CashFlow_Operating movement member

3. What can the Intercompany Dimension be enabled and made visible within your application?

A) during application creation and selecting the Intercompany Data feature option
B) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
C) during application creation and selecting the Multi-source Data Input of Other Data
D) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute

4. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) To specify exchange rates you must set up multiple currencies when creating an application.
B) Reporting currencies have been defined in the Currency dimension.
C) The child entity is NOT a shared entity.
D) The default currency of the child is different from the default currency of the parent.

5. What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?

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

Solutions: