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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Delete the default Approval Unit hierarchy.
B) Select the Consolidation template when setting up the Approval Unit hierarchy.
C) Select users with the Service Administrator security role.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.

2. What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

A) enables the Elimination member in the Consolidation dimension
B) enables the application to perform Intercompany eliminations
C) enables the application to include Intercompany data.
D) process will separate total elimination values by Data Source.

3. Which statement is FALSE about Task Manager schedules?

A) Users can still complete tasks in a schedule that has been closed.
B) You can still add tasks to a schedule that has been closed.
C) You can re-open a schedule that has been locked.
D) To start all the tasks in a schedule, you must change the status from Pending to Open.

4. Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

A) Select Application, then Overview, then Actions, and then Import Data
B) Select Application, then Overview, then Data, and then Export
C) Select Dimensions, then Actions, and then Import Data
D) Select Import, then Actions, and then Data

5. What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

A) FCCS_Entity Consolidation
B) FCCS_Contribution
C) FCCS_Entity Total
D) FCCS_Parent Currency

Solutions: