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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement
is false regarding establishing security for Financial Consolidation and Close?

A) The Identity Domain Administrator inherits full access privileges.
B) Security is mandatory for one dimension.
C) Security can be disabled for any dimension.
D) Security can be assigned at a prevent level.
E) All members are accessible for dimensions with no security applied.

2. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) Data load rules can be shared across locations.
B) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
C) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
D) Locations can share dimension member mappings by specifying a location as a parent location of others.
E) Locations must specify an import format, which may be used by other locations.
F) The logic account group is required in order to effect running of calculations after the data load.

3. What member of the Currency dimension should be used during data entry for historical override amounts?

A) Reporting Currencies
B) Entity Currency
C) Parent Currency
D) Input Currencies

4. Which statement
is true of the default FCCS_ members within an application?

A) You can change the Alias.
B) You can change the Name.
C) You can change the Data Storage property.
D) You can change the default FCCS_ member prefix at application creation.

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

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

Solutions: