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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

A) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
B) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
C) Edit the numbers using a web form or Smart View after consolidating.
D) Create an on-demand rule in Calculation Manager that you run after consolidation.

2. Which statement is FALSE about when Intercompany Data is enabled?

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

3. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A) FCCS_Data Input
B) FCCS_SystemTypes
C) FCCS_Proportion
D) FCCS_No Data Source

4. Which customization can you perform on the Navigation Flows page?

A) Add or Hide cards.
B) Select a color scheme.
C) Select a data form to display at start up based on user group.
D) Set a default POV by user group.

5. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) Security is mandatory for one dimension.
B) Security can be disabled for any dimension.
C) All members are accessible for dimensions with no security applied.
D) The Identity Domain Administrator inherits full access privileges.
E) Security can be assigned at a parent level.

Solutions: