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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Where do you set the Intercompany Entities Aggregation option?

A) On the Properties page of the Intercompany dimension
B) In the member properties of the Intercompany Top member
C) In the Setup Wizard during business process creation
D) In the member properties of the Intercompany Entities member

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) Edit the numbers using a web form or Smart View after consolidating.
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) Click Configurable Consolidation on the Consolidation Process page and create a Configurable

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

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

4. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) An extra custom dimension is available.
B) The ICP dimension is omitted.
C) Data can be stored by the intercompany partner but no eliminations occur.
D) The FCCS No Intercompany member of the ICP dimension is used for all data.

5. Which statement accurately describes alternate hierarchies?

A) Parent members having the same currency
B) Contribution to parent members are similar
C) Data must be entered multiple times for shared members
D) Single entities having multiple parents

Solutions: