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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A) The data export format / file extension is always extracted in a DAT file format.
B) The data export format / file extension is always extracted in a XLS file format.
C) The data export format / file extension is always extracted in a CSV file format.
D) The data export format / file extension is always extracted in a ZIP file format.

2. 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) Journals for recurring templates are created automatically when you open a period for journals.
D) The initial status of journals created from Recurring templates is Approved.

3. Which three scenarios result in foreign currency translation during the default consolidation process?

A) A base entity has a different default currency than its parent.
B) A base entity has the same default currency as its parent.
C) A shared entity has a different default currency than its parent
D) A parent entity has the same default currency as its parent.
E) A parent entity has a different default currency than its parent.

4. What will
Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

A) Subtract amounts aggregated to the parent.
B) This setting does not affect aggregation to the parent.
C) Add amounts aggregated to the parent.
D) You cannot load data to this account.

5. Which item describes the use for the Currency dimension property Triangulation Currency?

A) The ability to input foreign exchange rates
B) The ability to calculate CTA (Cumulative Translation Adjustment)
C) The ability to report in multiple currencies
D) The ability to force translations
E) The ability to calculate foreign exchange rates

Solutions: