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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two members of the Data Source dimension are optional when you create a Financial Consolidation and Close (FCCS) application? (Choose two.)

A) FCCS_No Data Source
B) FCCS_Journal Input
C) FCCS_Intercompany Eliminations
D) FCCS_PCON

2. Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A) All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
B) Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
C) The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
D) The Cash Change hierarchy cannot be modified.
E) Siblings can be added to the FCCS_CashFlow_Investing member.
F) Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.

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

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

4. A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

A) Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
B) Load detailed Fixed Asset data to Movement members.
C) Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
D) Create a Roll Forward in the account dimension.
E) Add custom Movement members to the FCCS_CashFlow hierarchy.

5. Which three
are seeded data forms created during business process creation?

A) Override Rates
B) Exchange Rate Multi-period
C) Headcount
D) Data Status
E) Shares Outstanding

Solutions: