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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Average Rate
B) Opening Rate
C) Ending Rate
D) Local Rate

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

3. When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

A) Expanded vs. single data segments
B) Designing dynamic reports
C) Suppress missing blocks
D) Report performance

4. In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?

A) when the tasks require consistent definition across close schedules
B) when the tasks are often late in completion and they need to be monitored more closely
C) when the tasks require multiple levels of approvers
D) when the tasks are repeatable over multiple close cycles

5. For which three tasks can Data Management be used? (Choose three.)

A) loading data from a fixed width or delimited text file
B) drilling through from a web form or Smart View
C) writing back data to source systems
D) loading data that is period-to-date or year-to-date
E) loading a Metadata Import File

Solutions: