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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is correct regarding intercompany eliminations?

A) Intercompany eliminations are needed when a company divests itself of a division.
B) Intercompany eliminations are required for sustainability reporting to show the company's waste output.
C) Intercompany eliminations are generally required to remove the effect of transactions within the company.
D) Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

2. In the
Movement dimension, for which two can you modify the default translation calculation?

A) Closing Balance
B) Opening Balance Input
C) Base-level members under FCCS_Mvmts Subtotal
D) Opening Balance

3. Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

A) Currency
B) Account
C) From Currency
D) Entity

4. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Run a business rule
B) Load a data file
C) Import journals
D) Export metadata

5. When do you enable submission phases for your approval process?

A) When you start the approval process for an approval unit on the Manage Approvals page
B) When you assign the approval unit hierarchy to a scenario, period, and year
C) When you set the member properties for the entity
D) When you set up the approval unit hierarchy

Solutions: