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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. 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) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
B) Edit the numbers using a web form or Smart View after consolidating.
C) Create an on-demand rule in Calculation Manager that you run after consolidation.
D) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
2. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
A) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B) Translated values for Closing Balance are adjusted to the ending rate for the period.
C) Values for Opening Balance are retrieved from the prior period's Closing Balance.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
3. How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?
A) By selecting Track Multi-source Data Input option for Other Data during the application creation process.
B) By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
C) Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
D) Drill-back to SDM is not an available feature.
4. Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
A) P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
B) P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
C) P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
D) P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
5. When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
A) Plug Account
B) Is Plug Account
C) Intercompany Account
D) Intercompany Entity
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B,C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |






