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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. 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 import data into a form or Smart View worksheet
C) To allocate data to base entities prior to consolidation
D) To add a column with a calculation to a report

2. Which two
statements are true of the roll forward calculation in the Movement dimension?

A) Values for Opening Balance are retrieved from the prior period Closing Balance.
B) Values for base-level Movement members are calculated as the difference between Closing Balance and
C) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.

3. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
B) Values for Opening Balance are retrieved from the prior period's Closing Balance.
C) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.

4. What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A) you can't load data to this account
B) subtract amounts consolidated to the parent
C) this setting will not affect additions or subtractions to the next parent
D) add amounts consolidated to the parent

5. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Enter data through a data form.
B) Load data to this account and create member formulas.
C) Create member formulas.
D) Load data to this account.

Solutions: