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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Bar
B) Line
C) Tile
D) Gauge

2. Which two statements are true about the Multi-GAAP feature? (Choose two.)

A) You must specify a prefix for entities that use the alternate gap standard.
B) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
C) Select this option if you need to report your financial statements only in IFRS.
D) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.

3. Which statement accurately describes alternate hierarchies?

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

4. Which two
statements are true of the roll forward calculation in the Movement dimension?

A) Values for base-level Movement members are calculated as the difference between Closing Balance and
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Values for Opening Balance are retrieved from the prior period Closing Balance.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.

5. Which statement is correct regarding intercompany eliminations?

A) Intercompany eliminations are required for sustainability reporting to show the company's waste output.
B) Intercompany eliminations are generally required to remove the effect of transactions within the company.
C) Intercompany eliminations are needed when a company divests itself of a division.
D) Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

Solutions: