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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement
about the Equity Pickup feature is FALSE?

A) Seeded rule-sets are provided for Equity Pickup.
B) Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
C) Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
D) Equity Pickup rules run as part of the consolidation process.

2. What is the correct Currency dimension member to select when running an Intercompany Matching Report?

A) Reporting Currency
B) Entity Currency
C) Parent Currency
D) Input Currency

3. Which statement is FALSE about when Intercompany Data is enabled?

A) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
B) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
C) Tracking intercompany eliminations is optional.
D) Intercompany accounts are assigned plug accounts.

4. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) Locations can share dimension member mappings by specifying a location as a parent location of others.
B) Data load rules can be shared across locations.
C) Locations must specify an import format, which may be used by other locations.
D) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
E) The logic account group is required in order to effect running of calculations after the data load.
F) Location security allows users to be provisioned in Shared Services for read or modify access to each location.

5. What information is included in the data extract export file delimited format?

A) the ID of the user performing the extract
B) the data load cube name
C) the domain and application name
D) the application name

Solutions: