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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is true regarding shared members and valid intersection rules?

A) Shared members are not supported in valid intersection rules
B) If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
C) Shared members are supported in valid intersection rules
D) If a base member is included in a valid intersection rule, then any shared member is not included in the rule

2. Which statement
is false regarding establishing security for Financial Consolidation and Close?

A) Security is mandatory for one dimension.
B) All members are accessible for dimensions with no security applied.
C) Security can be assigned at a prevent level.
D) Security can be disabled for any dimension.
E) The Identity Domain Administrator inherits full access privileges.

3. Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

A) FCCS_Total Balance Sheet - Cash and NonCash account member
B) FCCS_CashFlow_Accounts Payable account member
C) FCCS_CashChange movement member
D) FCCS_Accounts Payable account member
E) FCCS_CashFlow_Operating movement member

4. Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?

A) A consolidation of Company 123
B) A translation of Company IOU
C) A consolidation of Company XYZ
D) A translation of Company XYZ to Parent Currency
E) A translation to the USD_Reporting currency member for Company IOU

5. Which statement
is true of the default FCCS_ members within an application?

A) You can change the Data Storage property.
B) You can change the default FCCS_ member prefix at application creation.
C) You can change the Alias.
D) You can change the Name.

Solutions: