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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For which
three dimensions is security enabled by default?

A) Data Source
B) Entity
C) Scenario
D) Account
E) Consolidation

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

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

3. What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A) subtract amounts consolidated to the parent
B) this setting will not affect additions or subtractions to the next parent
C) add amounts consolidated to the parent
D) you can't load data to this account

4. Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

A) Integrate with source systems.
B) Provide a strong compliance framework that includes auditing and segregation of duties.
C) Ensure security of sensitive data.
D) Provide predictive analysis and modeling.

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

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

Solutions: