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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
B) Calculations, dashboards, and reports to provide analysis for cash flow modeling
C) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
D) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow

2. If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?

A) An extra custom dimension is available.
B) Data can be stored by intercompany partner but no eliminations will occur.
C) The ICP dimension is omitted.
D) The FCCS_No Intercompany member of the ICP dimension is used for all data.

3. How do you navigate if you want to export a form to a Snapshot file?

A) Open the form, select Actions, and then Export.
B) From the Home page, select Tools, and then Migration.
C) From the Navigator menu, select Forms.
D) From the Home page, select Tools, and then Clone Snapshot.

4. Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A) The Cash Change hierarchy cannot be modified.
B) Siblings can be added to the FCCS_CashFlow_Investing member.
C) The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
D) All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
E) Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
F) Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.

5. Which statement is true about an approval process with the Phase Dependency option enabled?

A) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
B) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
C) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

Solutions: