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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A) During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
B) Enable a dimension for Currency after application creation via a Metadata load.
C) Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
D) During application creation, select the Multicurrency option of "Yes".

2. Audit is enabled by default for which task categories?

A) Metadata Administration and Security
B) Data only
C) All task categories
D) No task categories

3. A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

A) Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
B) Create a Roll Forward in the account dimension.
C) Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
D) Add custom Movement members to the FCCS_CashFlow hierarchy.
E) Load detailed Fixed Asset data to Movement members.

4. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) Write
B) Read
C) None
D) Comment

5. Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A) FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
B) FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate
C) Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
D) Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

Solutions: