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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

A) There is no way to do a prior period entry like this.
B) January and February should be consolidated.
C) January should be consolidated for the change and nothing needs to happen for February.
D) February should be consolidated, after which the cash at AceCo is now 65.

2. Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A) FCCS_Elimination
B) FCCS_Amount_Override
C) FCCS_Translation
D) FCCS_Rate Override
E) FCCS_Contribution
F) FCCS_Proportion

3. A company
would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?

A) Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
B) Add custom Movement members to the FCCS_CashFlow hierarchy.
C) Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
D) Load detailed Fixed Asset data to Movement members.
E) Create a Roll Forward in the account dimension.

4. When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

A) Plug Account
B) Intercompany Account
C) Is Plug Account
D) Intercompany Entity

5. Which three
are seeded data forms created during business process creation?

A) Override Rates
B) Shares Outstanding
C) Exchange Rate Multi-period
D) Headcount
E) Data Status

Solutions: