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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is FALSE about running consolidations?

A) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
D) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.

2. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
B) You can include Data Management artifacts in the clone.
C) You can include the inbox and outbox contents in the clone.
D) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.

3. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Task Manager rule.
B) Create a Groovy rule.
C) Create a Configurable Consolidation rule.
D) Create a valid intersection rule.

4. Which statement correctly describes the Consolidation dimension?

A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension aggregates input, consolidated, and elimination data together.
C) The dimension uses a separate member to store data from an entity's descendants.
D) The dimension allows users to see input versus journal adjustment data.

5. What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

A) You cannot load data to this account.
B) Add amounts aggregated to the parent.
C) Subtract amounts aggregated to the parent.
D) This setting does not affect aggregation to the parent.

Solutions: