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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

A) Metadata Administrator
B) System Administrator
C) Metadata Supervisor
D) Power User

2. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
B) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
C) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

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

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

4. When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A) The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
B) The script will not work since the UD5 member referenced does not start with FCCS_
C) The script will work if the script is referenced in the In mapping type with #SQL as the target.
D) The script will not work since Data Management does not support scripting.
E) The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

5. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Average Rate
B) Opening Rate
C) Local Rate
D) Ending Rate

Solutions: