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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What are
two important first steps in initially setting up Task Manager?

A) Set up Users.
B) Assign tasks to users.
C) Define system settings such as Organization units, Holiday rules and Task attachment size.
D) Create a schedule and set it to Open status.

2. For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

A) Edit the numbers using a web form or Smart View after consolidating.
B) Create an on-demand rule in Calculation Manager that you run after consolidation.
C) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
D) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in

3. Which statement correctly describes when a consolidation can occur within a given year/scenario?

A) The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
B) A user has a power user access but only write access to the entity.
C) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
D) The current period consolidation status is Impacted and the remaining periods are OK.
E) A user with power user access first locks the entity so that other users cannot consolidate the same entity.

4. In the
Movement dimension, for which two can you modify the default translation calculation?

A) Base-level members under FCCS_Mvmts Subtotal
B) Opening Balance
C) Opening Balance Input
D) Closing Balance

5. Which two statements are correct with regard to Data Management locations? (Choose two.)

A) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
B) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
C) Locations can share dimension member mappings by specifying a location as a parent location of others.
D) The logic account group is required in order to effect running of calculations after the data load.
E) Locations must specify an import format, which may be used by other locations.
F) Data load rules can be shared across locations.

Solutions: