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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement about Opening Balance Override rules is true?

A) You can select which accounts to include in the rule scope.
B) Opening Balance Override rules execute for the first period in the year only.
C) You can select which entities to include in the rule scope.
D) They are available only if Intercompany Data with Tracking is enabled for the business process.

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

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

3. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

A) FCCS_SystemTypes
B) FCCS_Proportion
C) FCCS_No Data Source
D) FCCS_Data Input

4. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A) The alias of the associated Intercompany member is automatically updated.
B) The alias of the associated Intercompany member must be manually changed.
C) The associated Intercompany member must be manually removed.
D) The associated Intercompany member is automatically removed.

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

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

Solutions: