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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

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

2. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Options tab of the Application Details dialog box
B) Location Attributes section of the Create Integration dialog box
C) Execute Integration dialog box
D) Workbench

3. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) To specify exchange rates you must set up multiple currencies when creating an application.
B) The child entity is NOT a shared entity.
C) Reporting currencies have been defined in the Currency dimension.
D) The default currency of the child is different from the default currency of the parent.

4. Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A) Scenario
B) Year
C) Period
D) Entity
E) Account

5. 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 allocate data to base entities prior to consolidation
C) To perform a custom currency translation for a subset of accounts
D) To import data into a form or Smart View worksheet

Solutions: