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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

A) Image
B) Grid
C) Chart
D) Header


2. Which statement is FALSE when setting up Shared Entities?

A) The calculation status will not change in all instances when data is changed in one instance.
B) When data is posted to one shared entity, the data is posted to all instances.
C) The Data Storage Member Property must set to "Dynamic Calc".
D) You build an alternate hierarchy by using partial share Entity members.


3. Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A) Financial Close Management
B) Data Management
C) Process Management
D) Supplemental Data Management
E) Account Reconciliation Management


4. Which two statements are true about Enterprise Journals? (Choose two.)

A) Line items can only include entities that have been enabled for Enterprise Journals.
B) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
C) You cannot deploy Enterprise Journals to a period with Pending status.
D) You can assign a team as preparer or reviewer.


5. Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A) FCCS_Translation
B) FCCS_Proportion
C) FCCS_Rate Override
D) FCCS_Elimination
E) FCCS_Amount_Override
F) FCCS_Contribution


Solutions:

Question # 1
Answer: B,C
Question # 2
Answer: A
Question # 3
Answer: E
Question # 4
Answer: A,D
Question # 5
Answer: C,D

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