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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. You need
a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Financial Report
B) Intercompany Report
C) Consolidation Report
D) Journal Report

2. For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

A) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
B) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
C) Create an on-demand rule in Calculation Manager that you run after consolidation.
D) Edit the numbers using a web form or Smart View after consolidating.

3. Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A) Run a rule such as Consolidate or Translate
B) Retrieve data
C) Submit data
D) Adjust data with Journals

4. Which statement is true regarding Data Management categories?

A) Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
B) Application mapping is not required if the global mapping target category is exactly correct.
C) The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
D) Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

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

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

Solutions: