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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement
is false regarding establishing security for Financial Consolidation and Close?

A) Security can be assigned at a prevent level.
B) Security is mandatory for one dimension.
C) Security can be disabled for any dimension.
D) The Identity Domain Administrator inherits full access privileges.
E) All members are accessible for dimensions with no security applied.

2. A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?

A) Activate the Connection.
B) Change one of the Row or Column dimension members and click Refresh.
C) Close out of Excel, and relog in to Smart View.
D) Disconnect from the Smart View connection, and relog in.

3. In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A) A variance in the Average rate and the Ending rate
B) Movement of FX impact for historical rate accounts to the FCCS_CTA account
C) The current FCCS_CTA account balance does not change from the prior period
D) The account is FCCS_Net Income

4. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Import journals
B) Load a data file
C) Run a business rule
D) Export metadata

5. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) To specify exchange rates you must set up multiple currencies when creating an application.
B) The default currency of the child is different from the default currency of the parent.
C) The child entity is NOT a shared entity.
D) Reporting currencies have been defined in the Currency dimension.

Solutions: