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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) View
B) Movement
C) Account
D) Consolidation

2. Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A) All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
B) Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
C) Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
D) Siblings can be added to the FCCS_CashFlow_Investing member.
E) The Cash Change hierarchy cannot be modified.
F) The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

3. Which three dimensions can be included in an approval group? (Choose three.)

A) Entity
B) Movement
C) Account
D) Scenario
E) Multi-GAAP

4. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
B) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
C) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.

5. When can the Intercompany Dimension be enabled and n=made visible within your application?

A) after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
B) during application creation and selecting Multi-source Data Input of Other Data
C) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
D) during application creation and selecting the Intercompany Data feature option

Solutions: