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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

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

2. Which statement is true regarding Data Management categories?

A) Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
B) The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
C) Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
D) Application mapping is not required if the global mapping target category is exactly correct.

3. What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

A) You cannot load data to this account.
B) Add amounts aggregated to the parent.
C) Subtract amounts aggregated to the parent.
D) This setting does not affect aggregation to the parent.

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

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

5. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) Data load rules can be shared across locations.
B) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
C) Locations must specify an import format, which may be used by other locations.
D) The logic account group is required in order to effect running of calculations after the data load.
E) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
F) Locations can share dimension member mappings by specifying a location as a parent location of others.

Solutions: