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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. 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) Security can be assigned at a parent level.
D) The Identity Domain Administrator inherits full access privileges.
E) All members are accessible for dimensions with no security applied.

2. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) An intercompany elimination was performed.
B) A rate was entered into the FCCS Rate Override account.
C) The parent entity has a different currency than the child.
D) An ownership percentage for the entity other than 100 was entered.

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

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

4. What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A) The data export format / file extension is always extracted in a XLS file format.
B) The data export format / file extension is always extracted in a DAT file format.
C) The data export format / file extension is always extracted in a ZIP file format.
D) The data export format / file extension is always extracted in a CSV file format.

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

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

Solutions: