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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A) Dynamic
B) Dynamic Calc and Store
C) No Rate
D) Never Share
E) Store

2. When defining a batch in Data Management, which statement is True?

A) A batch replaces the need for data load rules.
B) Each data load rule must specify the period or the batch will default to the POV period.
C) Batches can execute data loads for multiple locations.
D) Batches can import from source or export to target, but not both.
E) A batch can load to multiple plan types.

3. Which explains why the Currency dimension does NOT display in your application?

A) Security has not been granted
B) Security access to the Multi-GAAP dimension is required
C) Multi-Currency option was not selected at application creation
D) Entity-specific security rights were not properly granted

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

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

5. Which statement is FALSE when setting up Shared Entities?

A) When data is posted to one shared entity, the data is posted to all instances.
B) The Data Storage Member Property must set to "Dynamic Calc".
C) The calculation status will not change in all instances when data is changed in one instance.
D) You build an alternate hierarchy by using partial share Entity members.

Solutions: