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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For which
scenario would an On-Demand rule be an appropriate solution?

A) to perform a custom currency translation for a subset of accounts
B) to add a column with a calculation to a report
C) to allocate data to base entities prior to consolidation
D) to copy data from one scenario to a different scenario

2. A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A) Common Stock must have a Data Storage property set to Never Share.
B) USD must be created as a reporting currency.
C) Common Stock must have an Exchange Rate Type set to Historical Rate Override.
D) The subsidiary must have a balance not equal to zero in Common Stock.
E) The subsidiary must have a parent entity with a GBP currency.

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

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

4. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Opening Rate
B) Local Rate
C) Average Rate
D) Ending Rate

5. When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

A) Grid
B) Header
C) Chart
D) Image

Solutions: