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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

A) Cloud Type
B) Name
C) Source Type
D) Description
E) Drill URL

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

A) You can select which entities 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 accounts to include in the rule scope.

3. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A) The associated Intercompany member must be manually removed.
B) The alias of the associated Intercompany member is automatically updated.
C) The alias of the associated Intercompany member must be manually changed.
D) The associated Intercompany member is automatically removed.

4. If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?

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

5. Which statement correctly describes when a consolidation can occur within a given year/scenario?

A) A user with power user access first locks the entity so that other users cannot consolidate the same entity.
B) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
C) A user has a power user access but only write access to the entity.
D) The current period consolidation status is Impacted and the remaining periods are OK.
E) The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

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