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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is true of reporting currencies?

A) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
B) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
C) All reporting currency members have the suffix Reporting.
D) All input currencies that you add are automatically added as reporting currencies as well.

2. What is
the function of Source Mapping in Data Management?

A) Defined the input currency for each data source supplying data to the application.
B) Manage source periods in relation to global periods.
C) Map local dimension members to the application dimension members.
D) Define the close calendar periods.

3. Which three dimensions can be included in an approval group? (Choose three.)

A) Multi-GAAP
B) Entity
C) Scenario
D) Movement
E) Account

4. Which three
are seeded data forms created during business process creation?

A) Override Rates
B) Exchange Rate Multi-period
C) Data Status
D) Headcount
E) Shares Outstanding

5. Which statement is true of journals created from Recurring templates?

A) The line items in journals created from Recurring templates are read only.
B) The initial status of journals created from Recurring templates is Posted.
C) The initial status of journals created from Recurring templates is Approved.
D) Journals for recurring templates are created automatically when you open a period for journals.

Solutions: