Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

A) by selecting Dimension, then Import, and then Metadata
B) by selecting Application, then Overview, then Dimensions, and then Import
C) by selecting Tasks, then Metadata, and then Import
D) by selecting Application, then Overview, then Dimensions, and then Export

2. Which item describes the use for the Currency dimension property Triangulation Currency?

A) The ability to input foreign exchange rates
B) The ability to force translations
C) The ability to calculate foreign exchange rates
D) The ability to report in multiple currencies
E) The ability to calculate CTA (Cumulative Translation Adjustment)

3. Which three
are seeded data forms created during business process creation?

A) Override Rates
B) Shares Outstanding
C) Exchange Rate Multi-period
D) Headcount
E) Data Status

4. How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A) Enable a dimension for Currency after application creation via a Metadata load.
B) Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
C) During application creation, select the Multicurrency option of "Yes".
D) During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.

5. When defining a batch in Data Management, which statement is True?

A) A batch replaces the need for data load rules.
B) Each data load rule must specify the period or the batch will default to the POV period.
C) A batch can load to multiple plan types.
D) Batches can import from source or export to target, but not both.
E) Batches can execute data loads for multiple locations.

Solutions: