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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) No elimination is performed, because H 1 and P 1 do not have the same parent.
B) Hickory and Paducah
C) PQR
D) H 1 and P 2

2. What information is included in the data extract export file delimited format?

A) the domain and application name
B) the ID of the user performing the extract
C) the application name
D) the data load cube name

3. You have
created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group.
How can the Analysts navigation flow be made the default for the Analysts user group?

A) In their User Preferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list.
B) In the Analysts navigation flow, select the Analysts user group in the Assign To field.
C) Because the navigation flow was given exactly the same name as the user group, it is assigned automatically to the group
D) In Application Settings, assign Analysts to the Analysts user group in the System Settings section.

4. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Scenario
B) Entity
C) Consolidation
D) Year
E) Data Source
F) Period

5. When enabling Multi-GAAP during application creation, which additional option is available?

A) Include Supplemental Data
B) Track Multi-Source Data Input
C) Automatically calculate adjustment
D) Allow adjustments for IFRS

Solutions: