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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

A) create Member Formulas
B) load data to this account and make member formulas
C) Member Formulas cannot be created
D) load data to this account

2. Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

A) Period, Scenario, Base Entity and Parent Entity
B) Year, Scenario, Base Entity and Account
C) Scenario, View, Parent Entity and Account
D) Scenario, Account, Base Entity and Parent Entity

3. Audit is enabled by default for which task categories?

A) All task categories
B) No task categories
C) Data only
D) Metadata Administration and Security

4. How can
the Intercompany dimension be enabled within your application?

A) In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
B) During application creation, select the Intercompany Data option.
C) In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
D) In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.

5. Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)

A) Ensure security of sensitive data.
B) Provide predictive analysis and modeling.
C) Integrate with source systems.
D) Provide a strong compliance framework that includes auditing and segregation of duties.

Solutions: