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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which is true behavior of default FCCS_ members within an application?

A) You can change the Name of these default FCCS_ members at any time.
B) You can change the default FCCS_ member prefix at application creation.
C) You can change the Alias of these default FCCS_ members at any time.
D) You cannot change the Alias of these default FCCS_ members.

2. Which two statements are true about Cash Flow in the Movement dimension?

A) The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the
B) When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member
C) The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow
D) You can add shared members to the FCCS_CashChange hierarchy.

3. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Earnings per Share
B) Days Sales in Receivables
C) Contribution Margin
D) Gross Margin
E) Debt Ratio
F) Inventory Ratios

4. PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?

A) Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
B) Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
C) Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
D) Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1

5. Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?

A) A translation to the USD_Reporting currency member for Company IOU
B) A consolidation of Company XYZ
C) A translation of Company IOU
D) A translation of Company XYZ to Parent Currency
E) A consolidation of Company 123

Solutions: