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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two statements are true about Cash Flow in the Movement dimension?

A) The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow
B) When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member
C) You can add shared members to the FCCS_CashChange hierarchy.
D) The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the

2. What action requires refreshing the database?

A) You change the ownership percentage for an entity.
B) You edit the alias for a member in the Entity dimension.
C) You deploy a new Configurable Calculation rule in Calculation Manager.
D) You edit the Consolidation Operator for a member in the Account dimension.

3. Which statement correctly describes what happens to parent entities during consolidation?

A) The changes in the relational database are synced to the underlying Essbase cube.
B) Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
C) The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
D) From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

4. What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A) add amounts consolidated to the parent
B) subtract amounts consolidated to the parent
C) this setting will not affect additions or subtractions to the next parent
D) you can't load data to this account

5. Which statement is true of journals created from Recurring templates?

A) The initial status of journals created from Recurring templates is Posted.
B) The initial status of journals created from Recurring templates is Approved.
C) The line items in journals created from Recurring templates are read only.
D) Journals for recurring templates are created automatically when you open a period for journals.

Solutions: