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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two statements are true about Enterprise Journals? (Choose two.)

A) You cannot deploy Enterprise Journals to a period with Pending status.
B) Line items can only include entities that have been enabled for Enterprise Journals.
C) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
D) You can assign a team as preparer or reviewer.

2. What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?

A) They are available only if Intercompany Data with Tracking is enabled for the business process.
B) You can select which accounts to include in the rule scope.
C) Opening Balance Override rules execute for the first period in the year only.
D) You can select which entities to include in the rule scope.

3. What member of the Currency dimension should be used during data entry for historical override amounts?

A) Input Currencies
B) Parent Currency
C) Entity Currency
D) Reporting Currencies

4. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A) An extra custom dimension will be available.
B) The FCCS_No Intercompany member of the ICP dimension will be used for all data.
C) Data can be stored by intercompany partner but no eliminations will occur.
D) The ICP dimension will be omitted.

5. What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A) Never Share
B) No Rate
C) Dynamic
D) Dynamic Calc and Store
E) Store

Solutions: