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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is true of reporting currencies?

A) All input currencies that you add are automatically added as reporting currencies as well.
B) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
D) All reporting currency members have the suffix Reporting.

2. How do you navigate if you want to export a form to a Snapshot file?

A) Open the form, select Actions, and then Export.
B) From the Home page, select Tools, and then Clone Snapshot.
C) From the Home page, select Tools, and then Migration.
D) From the Navigator menu, select Forms.

3. Which statement is true regarding shared members and valid intersection rules?

A) If a shared member is selected for a valid intersection rule, then the base member is not included in the rule
B) Shared members are not supported in valid intersection rules
C) Shared members are supported in valid intersection rules
D) If a base member is included in a valid intersection rule, then any shared member is not included in the rule

4. Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A) Run a rule such as Consolidate or Translate
B) Submit data
C) Adjust data with Journals
D) Retrieve data

5. Where do you set the Intercompany Entities Aggregation option?

A) In the member properties of the Intercompany Top member
B) In the member properties of the Intercompany Entities member
C) On the Properties page of the Intercompany dimension
D) In the Setup Wizard during business process creation

Solutions: