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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement
is false regarding establishing security for Financial Consolidation and Close?

A) Security can be assigned at a prevent level.
B) Security can be disabled for any dimension.
C) The Identity Domain Administrator inherits full access privileges.
D) All members are accessible for dimensions with no security applied.
E) Security is mandatory for one dimension.

2. To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?

A) Intercompany Plug Accounts
B) Intercompany Partners
C) Elimination Consolidation Dimension member
D) Intercompany Accounts

3. What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

A) This setting does not affect aggregation to the parent.
B) Subtract amounts aggregated to the parent.
C) Add amounts aggregated to the parent.
D) You cannot 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 predictive analysis and modeling.
C) Provide a strong compliance framework that includes auditing and segregation of duties.
D) Ensure security of sensitive data.

5. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) Data can be stored by the intercompany partner but no eliminations occur.
B) An extra custom dimension is available.
C) The FCCS No Intercompany member of the ICP dimension is used for all data.
D) The ICP dimension is omitted.

Solutions: