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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A) when the tasks are often late in completion and they need to be monitored more closely
B) when the tasks require multiple levels of approvers
C) when the tasks are repeatable over multiple close cycles
D) when the tasks require consistent definition across close schedules

2. How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A) Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
B) During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
C) Enable a dimension for Currency after application creation via a Metadata load.
D) During application creation, select the Multicurrency option of "Yes".

3. Which two statements are true regarding the Copy Data function?

A) You can copy data for historical rate and amount overrides.
B) You can select which Consolidation dimension member to copy.
C) You cannot select which Account members to copy.
D) When you select the Regular Data option, journals data is included.

4. Which four items are active components of the Currency dimension? (Choose four.)

A) Entity Currency
B) Entity Currency Adjustments
C) Input Currencies
D) Reporting Currencies
E) Parent Currency
F) Translated Currencies

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

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

Solutions: