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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) All parent members in the Account dimension must have a Solve Order value of 58.
B) You cannot add member formulas to members of the Movement dimension.
C) The View dimension stores only periodic data.
D) Account is a Sparse dimension.

2. Which item describes the use for the Currency dimension property Triangulation Currency?

A) The ability to calculate foreign exchange rates
B) The ability to input foreign exchange rates
C) The ability to force translations
D) The ability to calculate CTA (Cumulative Translation Adjustment)
E) The ability to report in multiple currencies

3. Where can you set the default member for the Currency dimension in a Data Integration integration?

A) Run Integration dialog box
B) Options tab of the Application Details dialog box
C) Map Members tab in the Create Integration dialog box
D) Location Attributes in the Create Integration dialog box

4. Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?

A) A consolidation of Company 123
B) A translation of Company IOU
C) A translation of Company XYZ to Parent Currency
D) A consolidation of Company XYZ
E) A translation to the USD_Reporting currency member for Company IOU

5. You are required to create a form that allows users to input dat
a. Which three actions are consistent with this? (Choose three.)

A) Set the consolidation member on the form to FCCS Entity Input.
B) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
C) Grant the data input users Write access to the dimension members used on the form.
D) Select level 0 dimension members for POV\ rows, and columns. www*'
E) Set the currency on the form to Parent Currency.

Solutions: