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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

A) Scenario, View, Parent Entity and Account
B) Year, Scenario, Base Entity and Account
C) Scenario, Account, Base Entity and Parent Entity
D) Period, Scenario, Base Entity and Parent Entity

2. In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A) The account is FCCS_Net Income
B) The current FCCS_CTA account balance does not change from the prior period
C) Movement of FX impact for historical rate accounts to the FCCS_CTA account
D) A variance in the Average rate and the Ending rate

3. A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

A) dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
B) provide the ability to collaborate during close and analyse transaction detail in real time
C) leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
D) robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
E) a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

4. Which statement correctly describes the Consolidation dimension?

A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension aggregates input, consolidated, and elimination data together.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension uses a separate member to store data from an entity's descendants.

5. How do you navigate if you want to export a form to a Snapshot file?

A) From the Home page, select Tools, and then Migration.
B) Open the form, select Actions, and then Export.
C) From the Home page, select Tools, and then Clone Snapshot.
D) From the Navigator menu, select Forms.

Solutions: