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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

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

2. Which statement is FALSE when enabling a Multi-GAAP application?

A) The system automatically creates an FCCS_IFRS member.
B) The Multi-GAAP dimension is optional.
C) Two custom dimensions are available after enabling Multi-GAAP.
D) Additional GAAP adjustment can be created.

3. You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
Where on the form do you define the View dimension and select the correct member?

A) a column
B) Other Options section
C) the Page Axis
D) the Point of View

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

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

5. Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

A) From Currency
B) Currency
C) Entity
D) Account

Solutions: