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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) Period, Year, and View
B) View
C) Period
D) Period and Year

2. Which statement
about the Equity Pickup feature is FALSE?

A) Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
B) Equity Pickup rules run as part of the consolidation process.
C) Seeded rule-sets are provided for Equity Pickup.
D) Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.

3. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Is Plug Account
B) Intercompany Entity
C) Intercompany Account
D) Plug Account

4. Which statement is true of reporting currencies?

A) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
B) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C) All input currencies that you add are automatically added as reporting currencies as well.
D) All reporting currency members have the suffix Reporting.

5. Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A) The parent entity has a different currency than the child.
B) An intercompany elimination was performed.
C) A rate was entered into the FCCS_Rate Override account.
D) An ownership percentage for the entity other than 100 was entered.

Solutions: