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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A) Dynamic Calc and Store
B) Never Share
C) No Rate
D) Store
E) Dynamic

2. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Load a data file
B) Export metadata
C) Run a business rule
D) Import journals

3. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Load data to this account.
B) Enter data through a data form.
C) Create member formulas.
D) Load data to this account and create member formulas.

4. PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

A) Lowest common denominator
B) First order relation
C) First common parent
D) Generation 0

5. How can
the Intercompany dimension be enabled within your application?

A) In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
B) During application creation, select the Intercompany Data option.
C) In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
D) In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.

Solutions: