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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?
A) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
B) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
C) Edit the numbers using a web form or Smart View after consolidating.
D) Create an on-demand rule in Calculation Manager that you run after consolidation.
2. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?
A) Data can be stored by the intercompany partner but no eliminations occur.
B) The ICP dimension is omitted.
C) An extra custom dimension is available.
D) The FCCS No Intercompany member of the ICP dimension is used for all data.
3. What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?
A) this setting will not affect additions or subtractions to the next parent
B) add amounts consolidated to the parent
C) you can't load data to this account
D) subtract amounts consolidated to the parent
4. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
A) Financial
B) Journal
C) Intercompany
D) Consolidation
5. For which scenario would an On-Demand rule be an appropriate solution?
A) To import data into a form or Smart View worksheet
B) To add a column with a calculation to a report
C) To allocate data to base entities prior to consolidation
D) To perform a custom currency translation for a subset of accounts
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |
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