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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. You need
a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Intercompany Report
B) Consolidation Report
C) Journal Report
D) Financial Report

2. Which two statements are true about Enterprise Journals? (Choose two.)

A) You cannot deploy Enterprise Journals to a period with Pending status.
B) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
C) You can assign a team as preparer or reviewer.
D) Line items can only include entities that have been enabled for Enterprise Journals.

3. To show the Intercompany account and matching account balances on the Intercompany Matching Report, you make which selection?

A) Elimination Consolidation Dimension member
B) Intercompany Plug Accounts
C) Intercompany Accounts
D) Intercompany Partners

4. Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A) Currency, Account, Movement
B) Entity, Consolidation, Currency
C) Entity, Currency, Account
D) Consolidation, Currency, Account

5. For which
three dimensions is security enabled by default?

A) Scenario
B) Account
C) Consolidation
D) Data Source
E) Entity

Solutions: