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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

A) A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
B) Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
C) A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
D) Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.

2. Which two statements about the Copy Data function are true? (Choose two.)

A) When you select the Regular Data option, journals data is included.
B) You cannot select which Account members to copy.
C) You can select which Consolidation dimension member to copy.
D) You can copy data for historical rate and amount overrides.

3. When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

A) ERP Cloud
B) Data Management
C) Supplemental Data
D) ERP r12

4. For which three levels can Profiles be set in Data Management?

A) User
B) Application
C) System
D) Category
E) Source System

5. Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A) FCCS_Contribution
B) FCCS_Translation
C) FCCS_Amount_Override
D) FCCS_Proportion
E) FCCS_Rate Override
F) FCCS_Elimination

Solutions: