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

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

3. Which statement is true regarding Data Management categories?

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

4. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) An ownership percentage for the entity other than 100 was entered.
B) The parent entity has a different currency than the child.
C) An intercompany elimination was performed.
D) A rate was entered into the FCCS Rate Override account.

5. What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A) No Rate
B) Dynamic Calc and Store
C) Dynamic
D) Never Share
E) Store

Solutions: