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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What are
two important first steps in initially setting up Task Manager?

A) Assign tasks to users.
B) Define system settings such as Organization units, Holiday rules and Task attachment size.
C) Create a schedule and set it to Open status.
D) Set up Users.

2. 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) Consolidation
B) Financial
C) Intercompany
D) Journal

3. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
B) Locations must specify an import format, which may be used by other locations.
C) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
D) The logic account group is required in order to effect running of calculations after the data load.
E) Locations can share dimension member mappings by specifying a location as a parent location of others.
F) Data load rules can be shared across locations.

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

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

5. Which statement correctly describes the Consolidation dimension?

A) The dimension uses a separate member to store data from an entity's descendants.
B) The dimension contains members to store non-controlling interest and joint venture data.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension aggregates input, consolidated, and elimination data together.

Solutions: