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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

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

2. When do you enable submission phases for your approval process?

A) When you set up the approval unit hierarchy
B) When you assign the approval unit hierarchy to a scenario, period, and year
C) When you set the member properties for the entity
D) When you start the approval process for an approval unit on the Manage Approvals page

3. You are required to create a form that allows users to input dat
a. Which three actions are consistent with this? (Choose three.)

A) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
B) Select level 0 dimension members for POV\ rows, and columns. www*'
C) Grant the data input users Write access to the dimension members used on the form.
D) Set the currency on the form to Parent Currency.
E) Set the consolidation member on the form to FCCS Entity Input.

4. Which statement is correct regarding intercompany eliminations?

A) Intercompany eliminations are needed when a company divests itself of a division.
B) Intercompany eliminations are required for sustainability reporting to show the company's waste output.
C) Intercompany eliminations are generally required to remove the effect of transactions within the company.
D) Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

5. When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A) The script will not work since the UD5 member referenced does not start with FCCS_
B) The script will work if the script is referenced in the In mapping type with #SQL as the target.
C) The script will not work since Data Management does not support scripting.
D) The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
E) The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

Solutions: