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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) Period, Year, and View
B) View
C) Period and Year
D) Period

2. Which two statements about the Copy Data function are true? (Choose two.)

A) You can copy data for historical rate and amount overrides.
B) You can select which Consolidation dimension member to copy.
C) You cannot select which Account members to copy.
D) When you select the Regular Data option, journals data is included.

3. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
B) Each period in the year must consolidate separately.
C) There is no reason to consolidate years sequentially.
D) Parent account calculations depend on the sequencing.

4. On what days during the month does Oracle apply patch updates to fix bugs, apply code optimizations, and add new features?

A) the first and third Monday of each month; first Monday for TEST and third Monday for PROD
B) the second and fourth Friday of each month; second Friday for TEST and fourth Friday for PROD
C) the first and third Friday of each month; first Friday for TEST and third Friday for PROD
D) the third Friday of each month to apply to both TEST and PROD simultaneously

5. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Days Sales in Receivables
B) Contribution Margin
C) Inventory Ratios
D) Earnings per Share
E) Gross Margin
F) Debt Ratio

Solutions: