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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. 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.

2. Audit is enabled by default for which task categories?

A) All task categories
B) Data only
C) No task categories
D) Metadata Administration and Security

3. When enabling Multi-GAAP during application creation, which additional option is available?

A) Automatically calculate adjustment
B) Allow adjustments for IFRS
C) Track Multi-Source Data Input
D) Include Supplemental Data

4. Which three scenarios result in foreign currency translation during the default consolidation process?

A) A parent entity has a different default currency than its parent.
B) A shared entity has a different default currency than its parent
C) A base entity has the same default currency as its parent.
D) A base entity has a different default currency than its parent.
E) A parent entity has the same default currency as its parent.

5. Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?

A) 3-3-3-4
B) 4-4-4-4
C) 4-4-4-5
D) 3-3-3-3

Solutions: