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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)
A) Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
B) A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
C) Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
D) A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
2. Which three
are seeded data forms created during business process creation?
A) Headcount
B) Exchange Rate Multi-period
C) Override Rates
D) Data Status
E) Shares Outstanding
3. If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?
A) The Intercompany Alias is automatically set to the Intercompany Name.
B) The Intercompany Alias is automatically changed to the new Entity Alias.
C) The Intercompany Alias is not automatically changed to the new Entity Alias.
D) The Intercompany Alias is set to the Entity Name.
4. Which statement
about the Equity Pickup feature is FALSE?
A) Equity Pickup rules run as part of the consolidation process.
B) Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
C) Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
D) Seeded rule-sets are provided for Equity Pickup.
5. Which two
statements are true of the roll forward calculation in the Movement dimension?
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 base-level Movement members are calculated as the difference between Closing Balance and
D) Values for Opening Balance are retrieved from the prior period Closing Balance.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: B,C,D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A,D |





