Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. How can
the Intercompany dimension be enabled within your application?
A) In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.
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 IC_Entity_Yes for the Intercompany Entity property for any entity.
2. Which statement is true regarding Data Management categories?
A) Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
B) The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
C) Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
D) Application mapping is not required if the global mapping target category is exactly correct.
3. When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
A) load data to this account
B) create Member Formulas
C) load data to this account and make member formulas
D) Member Formulas cannot be created
4. Which statement correctly describes what happens to parent entities during consolidation?
A) 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.
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) 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.
5. You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?
A) Give data input users WRITE access to form dimension members
B) Set access rights for data input users to the form
C) Set the currency on the form to the reporting currency member USD_Reporting
D) Level 0 dimension members on POV, rows and columns
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B,C | Question # 4 Answer: A | Question # 5 Answer: A,B,D |
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