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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

A) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
B) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
C) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
D) The changes in the relational database are synced to the underlying Essbase cube.

2. For which three tasks can Data Management be used? (Choose three.)

A) loading a Metadata Import File
B) loading data that is period-to-date or year-to-date
C) writing back data to source systems
D) drilling through from a web form or Smart View
E) loading data from a fixed width or delimited text file

3. In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A) when the tasks are often late in completion and they need to be monitored more closely
B) when the tasks require consistent definition across close schedules
C) when the tasks are repeatable over multiple close cycles
D) when the tasks require multiple levels of approvers

4. Which statement is true regarding shared members and valid intersection rules?

A) If a base member is included in a valid intersection rule, then any shared member is not included in the rule
B) Shared members are supported in valid intersection rules
C) If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
D) Shared members are not supported in valid intersection rules

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

A) Manage source periods in relation to global 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) Define the close calendar periods.

Solutions: