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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. A company
would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?

A) Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
B) Load detailed Fixed Asset data to Movement members.
C) Add custom Movement members to the FCCS_CashFlow hierarchy.
D) Create a Roll Forward in the account dimension.
E) Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.

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

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

3. For which task categories is Audit enabled by default?

A) No task categories
B) Journals
C) Data only
D) All task categories

4. Which two statements are true about Cash Flow in the Movement dimension?

A) You can add shared members to the FCCS_CashChange hierarchy.
B) When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member
C) The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow
D) The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the

5. Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A) Account Reconciliation Management
B) Data Management
C) Process Management
D) Financial Close Management
E) Supplemental Data Management

Solutions: