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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. A company is based in the United Kingdom and has an application currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at an historical rate in the GBP reporting currency? (Choose two.)

A) USD must be created as a reporting currency.
B) Common Stock must have a Data Storage property set to Never Share.
C) Common Stock must have an Exchange Rate Type set to Historical Rate Override.
D) The subsidiary must have a parent entity with a GBP currency.
E) The subsidiary must have a balance not equal to zero in Common Stock.

2. In Data Integration integrations, which two attributes are linked to the location selected for the integration? (Choose two.)

A) Target application
B) Member mappings
C) Scenario
D) Data tile name

3. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to view data in the parent currency.
B) The dimension contains members to store non-controlling interest and joint venture data.
C) The dimension uses a separate member for data from an entity's level-zero descendants.
D) The dimension allows users to see input versus journal adjustment data.

4. Which four items are active components of the Currency dimension? (Choose four.)

A) Parent Currency
B) Input Currencies
C) Translated Currencies
D) Reporting Currencies
E) Entity Currency
F) Entity Currency Adjustments

5. Which two are required fields when registering a source system in Data Management?

A) Drill Through URL
B) Source System Type
C) Name
D) Cloud Type

Solutions: