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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) The View dimension stores only periodic data.
B) You cannot add member formulas to members of the Movement dimension.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) Account is a Sparse dimension.

2. What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A) The data export format / file extension is always extracted in a DAT file format.
B) The data export format / file extension is always extracted in a CSV file format.
C) The data export format / file extension is always extracted in a XLS file format.
D) The data export format / file extension is always extracted in a ZIP file format.

3. 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_Accounts Payable account member
B) FCCS_Total Balance Sheet - Cash and NonCash account member
C) FCCS_CashChange movement member
D) FCCS_CashFlow_Accounts Payable account member
E) FCCS_CashFlow_Operating movement member

4. Which item describes the use for the Currency dimension property Triangulation Currency?

A) The ability to force translations
B) The ability to input foreign exchange rates
C) The ability to calculate CTA (Cumulative Translation Adjustment)
D) The ability to report in multiple currencies
E) The ability to calculate foreign exchange rates

5. Which three scenarios result in foreign currency translation during the default consolidation process?

A) A parent entity has a different default currency than its parent.
B) A base entity has a different default currency than its parent.
C) A parent entity has the same default currency as its parent.
D) A base entity has the same default currency as its parent.
E) A shared entity has a different default currency than its parent

Solutions: