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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. 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.

2. Which statement correctly describes what happens to parent entities during consolidation?

A) The changes in the relational database are synced to the underlying Essbase cube.
B) From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
C) Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
D) The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

3. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) The Identity Domain Administrator inherits full access privileges.
B) Security is mandatory for one dimension.
C) Security can be disabled for any dimension.
D) All members are accessible for dimensions with no security applied.
E) Security can be assigned at a parent level.

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

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

5. Which statement is FALSE when enabling a Multi-GAAP application?

A) Additional GAAP adjustment can be created.
B) The Multi-GAAP dimension is optional.
C) Two custom dimensions are available after enabling Multi-GAAP.
D) The system automatically creates an FCCS_IFRS member.

Solutions: