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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For which three tasks can Data Management be used? (Choose three.)

A) loading data from a fixed width or delimited text file
B) loading a Metadata Import File
C) writing back data to source systems
D) drilling through from a web form or Smart View
E) loading data that is period-to-date or year-to-date

2. What is the result of enabling the Calculate Movements system rule?

A) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
B) Level 0 movement members become read only in web forms, and must be populated through data load.
C) Closing Balance is aggregated from Opening Balance and the current period's movement value.
D) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.

3. Which statement is FALSE when setting up Shared Entities?

A) The calculation status will not change in all instances when data is changed in one instance.
B) When data is posted to one shared entity, the data is posted to all instances.
C) The Data Storage Member Property must set to "Dynamic Calc".
D) You build an alternate hierarchy by using partial share Entity members.

4. When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A) 12-month, 13-month and a 14-month
B) 12-month and 13-month
C) Any number of months can be selected
D) 12-month only

5. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
B) Translated values for Closing Balance are adjusted to the ending rate for the period.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

Solutions: