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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting the primary instance of a member does not include shared members.
B) Selecting a shared member for a rule does not include its primary instance.
C) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
D) If a shared member is selected for a rule, the primary instance of the member is selected as well.

2. Financial Consolidation
and Close maintains calculation status for which four dimensions?

A) Consolidation
B) Scenario
C) Period
D) Data Source
E) Entity
F) Year

3. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Intercompany Account
B) Plug Account
C) Is Plug Account
D) Intercompany Entity

4. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A) The associated Intercompany member must be manually removed.
B) The associated Intercompany member is automatically removed.
C) The alias of the associated Intercompany member must be manually changed.
D) The alias of the associated Intercompany member is automatically updated.

5. Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A) Currency, Account, Movement
B) Entity, Consolidation, Currency
C) Entity, Currency, Account
D) Consolidation, Currency, Account

Solutions: