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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

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

2. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) Movement
B) Account
C) Consolidation
D) View

3. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules run as part of the consolidation process
B) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
C) Seeded rule sets are provided for Equity Pickup.
D) Equity Pickup rules are run on demand from the Rules card by users with launch permission.

4. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Delete the default Approval Unit hierarchy.
B) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
C) Select the Consolidation template when setting up the Approval Unit hierarchy.
D) Select users with the Service Administrator security role.

5. The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?

A) Day 1 to Day 7
B) Day -3 to Day 4
C) Day -3 to Day 3
D) Day -2 to Day 4

Solutions: