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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) Reporting currencies have been defined in the Currency dimension.
B) The child entity is NOT a shared entity.
C) To specify exchange rates you must set up multiple currencies when creating an application.
D) The default currency of the child is different from the default currency of the parent.

2. When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A) The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
B) The script will not work since Data Management does not support scripting.
C) The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
D) The script will work if the script is referenced in the In mapping type with #SQL as the target.
E) The script will not work since the UD5 member referenced does not start with FCCS_

3. Which statement
is FALSE when Intercompany Data is enabled?

A) Tracking intercompany eliminations is optional.
B) Intercompany accounts are assigned plug accounts.
C) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
D) The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.

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

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

5. You are
required to create a form that allows users to input dat
a. Which three actions are consistent with this?

A) Set the consolidation member on the form to FCCS_Entity Input.
B) Grant the data input users WRITE access to the dimension members used on the form.
C) In the member selection for Entity, do not include shared entities, include only primary instances of entities.
D) Set the currency on the form to Parent Currency.
E) Select level 0 dimension members for the POV, rows, and columns.

Solutions: