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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A) Dynamic
B) Never Share
C) Dynamic Calc and Store
D) No Rate
E) Store

2. Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

A) Name
B) Drill URL
C) Description
D) Source Type
E) Cloud Type

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

4. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B) Values for Opening Balance are retrieved from the prior period's Closing Balance.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.

5. If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A) The Intercompany Alias is set to the Entity Name.
B) The Intercompany Alias is automatically set to the Intercompany Name.
C) The Intercompany Alias is not automatically changed to the new Entity Alias.
D) The Intercompany Alias is automatically changed to the new Entity Alias.

Solutions: