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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

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

2. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to view data in the parent currency.
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 uses a separate member for data from an entity's level-zero descendants.

3. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Bar
B) Gauge
C) Line
D) Tile

4. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Translated values for Closing Balance are adjusted to the ending rate for the period.
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Values for Opening Balance are retrieved from the prior period's Closing Balance.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

5. For your
business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?

A) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
B) Select as owners only users with the Service Administrator or Power User security role.
C) Delete the default Approval Unit hierarchy.
D) Select the Consolidation template when setting up the Approval Unit hierarchy.

Solutions: