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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What is
the function of Source Mapping in Data Management?

A) Define the close calendar periods.
B) Defined the input currency for each data source supplying data to the application.
C) Map local dimension members to the application dimension members.
D) Manage source periods in relation to global periods.

2. Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A) Data Management
B) Financial Close Management
C) Supplemental Data Management
D) Account Reconciliation Management
E) Process Management

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

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

4. If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?

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

5. Which statement correctly describes what happens to parent entities during consolidation?

A) From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
B) Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
C) The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
D) The changes in the relational database are synced to the underlying Essbase cube.

Solutions: