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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which item describes the use for the Currency dimension property Triangulation Currency?

A) The ability to calculate CTA (Cumulative Translation Adjustment)
B) The ability to calculate foreign exchange rates
C) The ability to report in multiple currencies
D) The ability to force translations
E) The ability to input foreign exchange rates

2. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A) FCCS_Proportion
B) FCCS_SystemTypes
C) FCCS_No Data Source
D) FCCS_Data Input

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

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

4. Which statement about Opening Balance Override rules is true?

A) You can select which entities to include in the rule scope.
B) Opening Balance Override rules execute for the first period in the year only.
C) They are available only if Intercompany Data with Tracking is enabled for the business process.
D) You can select which accounts to include in the rule scope.

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

Solutions: