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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For which
scenario would an On-Demand rule be an appropriate solution?

A) to add a column with a calculation to a report
B) to perform a custom currency translation for a subset of accounts
C) to copy data from one scenario to a different scenario
D) to allocate data to base entities prior to consolidation

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

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

3. Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A) Retrieve data
B) Submit data
C) Run a rule such as Consolidate or Translate
D) Adjust data with Journals

4. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) Read
B) Comment
C) Write
D) None

5. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Enter data through a data form.
B) Load data to this account and create member formulas.
C) Create member formulas.
D) Load data to this account.

Solutions: