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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) Reporting currencies have been defined in the Currency dimension.
B) To specify exchange rates you must set up multiple currencies when creating an application.
C) The child entity is NOT a shared entity.
D) The default currency of the child is different from the default currency of the parent.

2. Which is true behavior of default FCCS_ members within an application?

A) You cannot change the Alias of these default FCCS_ members.
B) You can change the Name of these default FCCS_ members at any time.
C) You can change the default FCCS_ member prefix at application creation.
D) You can change the Alias of these default FCCS_ members at any time.

3. For your
business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?

A) Select the Consolidation template when setting up the Approval Unit hierarchy.
B) Select as owners only users with the Service Administrator or Power User security role.
C) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D) Delete the default Approval Unit hierarchy.

4. Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A) Run a rule such as Consolidate or Translate
B) Adjust data with Journals
C) Retrieve data
D) Submit data

5. For which task categories is Audit enabled by default?

A) All task categories
B) Data only
C) No task categories
D) Journals

Solutions: