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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement correctly describes the Consolidation dimension?

A) The dimension aggregates input, consolidated, and elimination data together.
B) The dimension allows users to see input versus journal adjustment data.
C) The dimension contains members to store non-controlling interest and joint venture data.
D) The dimension uses a separate member to store data from an entity's descendants.

2. What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A) The data export format / file extension is always extracted in a ZIP file format.
B) The data export format / file extension is always extracted in a CSV file format.
C) The data export format / file extension is always extracted in a DAT file format.
D) The data export format / file extension is always extracted in a XLS file format.

3. Which statement correctly describes when a consolidation can occur within a given year/scenario?

A) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
B) The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
C) A user with power user access first locks the entity so that other users cannot consolidate the same entity.
D) A user has a power user access but only write access to the entity.
E) The current period consolidation status is Impacted and the remaining periods are OK.

4. The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?

A) Day -3 to Day 3
B) Day 1 to Day 7
C) Day -2 to Day 4
D) Day -3 to Day 4

5. Which four sample ratios can be created during the application creation process? (Choose four.)

A) Inventory Ratios
B) Gross Margin
C) Contribution Margin
D) Days Sales in Receivables
E) Debt Ratio
F) Earnings per Share

Solutions: