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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
A) The schedule end date changes to match the end date of the task.
B) An error, you can't add a new task past the due date.
C) The new task will run outside of the schedule end date.
D) The task will not run.
2. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
A) Translated values for Closing Balance are adjusted to the ending rate for the period.
B) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
C) Values for Opening Balance are retrieved from the prior period's Closing Balance.
D) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
3. Which statement is FALSE when setting up Shared Entities?
A) You build an alternate hierarchy by using partial share Entity members.
B) The Data Storage Member Property must set to "Dynamic Calc".
C) The calculation status will not change in all instances when data is changed in one instance.
D) When data is posted to one shared entity, the data is posted to all instances.
4. When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)
A) Supplemental Data
B) ERP Cloud
C) ERP r12
D) Data Management
5. Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)
A) FCCS_CashChange movement member
B) FCCS_Accounts Payable account member
C) FCCS_CashFlow_Accounts Payable account member
D) FCCS_CashFlow_Operating movement member
E) FCCS_Total Balance Sheet - Cash and NonCash account member
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C | Question # 3 Answer: C | Question # 4 Answer: A,D | Question # 5 Answer: C,E |
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