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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. 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

2. You have
created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group.
How can the Analysts navigation flow be made the default for the Analysts user group?

A) In the Analysts navigation flow, select the Analysts user group in the Assign To field.
B) Because the navigation flow was given exactly the same name as the user group, it is assigned automatically to the group
C) In Application Settings, assign Analysts to the Analysts user group in the System Settings section.
D) In their User Preferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list.

3. In Data Integration, for what purpose do you use Workbench?

A) To review mapping of source to target members
B) To edit the data load file format
C) To define dimension mapping
D) To configure data load options

4. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) Hickory and Paducah
B) No elimination is performed, because H 1 and P 1 do not have the same parent.
C) H 1 and P 2
D) PQR

5. You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?

A) Set access rights for data input users to the form
B) Set the currency on the form to the reporting currency member USD_Reporting
C) Give data input users WRITE access to form dimension members
D) Level 0 dimension members on POV, rows and columns

Solutions: