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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

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

2. A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)

A) Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
B) Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
C) Load detailed Fixed Asset data to Movement members.
D) Add custom Movement members to the FCCS_CashFlow hierarchy.
E) Create a Roll Forward in the account dimension.

3. Which statement
is FALSE when Intercompany Data is enabled?

A) The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
B) Tracking intercompany eliminations is optional.
C) Intercompany accounts are assigned plug accounts.
D) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.

4. You need
to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?

A) rows
B) columns
C) the Page Axis
D) the Point of View

5. Which four sample ratios can be created during the application creation process? (Choose four.)

A) Days Sales in Receivables
B) Contribution Margin
C) Earnings per Share
D) Debt Ratio
E) Inventory Ratios
F) Gross Margin

Solutions: