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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

A) Expanded vs. single data segments
B) Designing dynamic reports
C) Report performance
D) Suppress missing blocks

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

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

3. What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A) you can't load data to this account
B) add amounts consolidated to the parent
C) subtract amounts consolidated to the parent
D) this setting will not affect additions or subtractions to the next parent

4. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Intercompany Account
B) Plug Account
C) Intercompany Entity
D) Is Plug Account

5. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A) An extra custom dimension will be available.
B) The ICP dimension will be omitted.
C) The FCCS_No Intercompany member of the ICP dimension will be used for all data.
D) Data can be stored by intercompany partner but no eliminations will occur.

Solutions: