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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What is the result of enabling the Calculate Movements system rule?

A) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
B) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
C) Level 0 movement members become read only in web forms, and must be populated through data load.
D) Closing Balance is aggregated from Opening Balance and the current period's movement value.

2. To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

A) Metadata Supervisor
B) System Administrator
C) Metadata Administrator
D) Power User

3. If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A) The Intercompany Alias is automatically changed to the new Entity Alias.
B) The Intercompany Alias is set to the Entity Name.
C) The Intercompany Alias is automatically set to the Intercompany Name.
D) The Intercompany Alias is not automatically changed to the new Entity Alias.

4. When do you enable submission phases for your approval process?

A) When you set the member properties for the entity
B) When you assign the approval unit hierarchy to a scenario, period, and year
C) When you start the approval process for an approval unit on the Manage Approvals page
D) When you set up the approval unit hierarchy

5. For which
scenario would an On-Demand rule be an appropriate solution?

A) to perform a custom currency translation for a subset of accounts
B) to allocate data to base entities prior to consolidation
C) to copy data from one scenario to a different scenario
D) to add a column with a calculation to a report

Solutions: