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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?

A) Day -3 to Day 3
B) Day -2 to Day 4
C) Day 1 to Day 7
D) Day -3 to Day 4

2. Which three dimensions can be included in an approval group? (Choose three.)

A) Account
B) Scenario
C) Movement
D) Multi-GAAP
E) Entity

3. Which statement correctly describes when a consolidation can occur within a given year/scenario?

A) The current period consolidation status is Impacted and the remaining periods are OK.
B) A user has a power user access but only write access to the entity.
C) The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
D) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
E) A user with power user access first locks the entity so that other users cannot consolidate the same entity.

4. What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A) The data export format / file extension is always extracted in a ZIP file format.
B) The data export format / file extension is always extracted in a CSV file format.
C) The data export format / file extension is always extracted in a DAT file format.
D) The data export format / file extension is always extracted in a XLS file format.

5. You need
to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?

A) the Page Axis
B) rows
C) columns
D) the Point of View

Solutions: