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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Groovy rule.
B) Create a Task Manager rule.
C) Create a Configurable Consolidation rule.
D) Create a valid intersection rule.

2. Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A) Multi-GAAP, Data Type, Intra-company
B) Period, Year, Entity
C) Data source, Consolidation, View
D) From Currency, Movement, Scenario
E) Value, Entity, Account

3. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension contains members to store non-controlling interest and joint venture data.
C) The dimension aggregates input, consolidated, and elimination data together.
D) The dimension uses a separate member to store data from an entity's descendants.

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

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

5. Which statement is FALSE about running consolidations?

A) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
B) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
C) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
D) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

Solutions: