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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What are
two important first steps in initially setting up Task Manager?

A) Set up Users.
B) Create a schedule and set it to Open status.
C) Assign tasks to users.
D) Define system settings such as Organization units, Holiday rules and Task attachment size.

2. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
B) Seeded rule sets are provided for Equity Pickup.
C) Equity Pickup rules run as part of the consolidation process
D) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.

3. When enabling Multi-GAAP during application creation, which additional option is available?

A) Include Supplemental Data
B) Track Multi-Source Data Input
C) Automatically calculate adjustment
D) Allow adjustments for IFRS

4. Which statement is FALSE when setting up Shared Entities?

A) The Data Storage Member Property must set to "Dynamic Calc".
B) You build an alternate hierarchy by using partial share Entity members.
C) When data is posted to one shared entity, the data is posted to all instances.
D) The calculation status will not change in all instances when data is changed in one instance.

5. For which three levels can Profiles be set in Data Management?

A) Source System
B) System
C) Application
D) Category
E) User

Solutions: