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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) None
B) Read
C) Write
D) Comment

2. How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

A) by selecting Application, then Overview, then Dimensions, and then Export
B) by selecting Application, then Overview, then Dimensions, and then Import
C) by selecting Tasks, then Metadata, and then Import
D) by selecting Dimension, then Import, and then Metadata

3. An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

A) A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
B) Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
C) Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
D) A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.

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

5. Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A) Year
B) Scenario
C) Account
D) Period
E) Entity

Solutions: