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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?

A) Impacted
B) OK
C) Need Translate
D) System Changed (SC)

2. What is the correct Currency dimension member to select when running an Intercompany Matching Report?

A) Parent Currency
B) Input Currency
C) Entity Currency
D) Reporting Currency

3. Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

A) Comma delimited
B) Tab delimited
C) Excel XLS file type
D) DAT file type

4. Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?

A) A consolidation of Company 123
B) A translation of Company IOU
C) A translation of Company XYZ to Parent Currency
D) A consolidation of Company XYZ
E) A translation to the USD_Reporting currency member for Company IOU

5. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A) The alias of the associated Intercompany member is automatically updated.
B) The alias of the associated Intercompany member must be manually changed.
C) The associated Intercompany member is automatically removed.
D) The associated Intercompany member must be manually removed.

Solutions: