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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement correctly describes what happens to parent entities during consolidation?

A) The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
B) Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
C) The changes in the relational database are synced to the underlying Essbase cube.
D) From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

2. Where can you set the default member for the Currency dimension in a Data Integration integration?

A) Location Attributes in the Create Integration dialog box
B) Map Members tab in the Create Integration dialog box
C) Run Integration dialog box
D) Options tab of the Application Details dialog box

3. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Is Plug Account
B) Intercompany Entity
C) Plug Account
D) Intercompany Account

4. What are
two important first steps in initially setting up Task Manager?

A) Set up Users.
B) Define system settings such as Organization units, Holiday rules and Task attachment size.
C) Create a schedule and set it to Open status.
D) Assign tasks to users.

5. How do you navigate if you want to export a form to a Snapshot file?

A) Open the form, select Actions, and then Export.
B) From the Navigator menu, select Forms.
C) From the Home page, select Tools, and then Clone Snapshot.
D) From the Home page, select Tools, and then Migration.

Solutions: