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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Grid
B) Footer
C) Chart
D) Header

2. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Journal
B) Financial
C) Intercompany
D) Consolidation

3. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You can include Data Management artifacts in the clone.
B) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
C) You can include the inbox and outbox contents in the clone.
D) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.

4. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Historical
B) FX Rates - Opening
C) FX Rates - Ending
D) FX Rates - Average
E) FX Rates - None

5. A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

A) leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
B) provide the ability to collaborate during close and analyse transaction detail in real time
C) robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
D) a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
E) dashboard reporting with daily revenue comparisons and KPI's that measure cost controls

Solutions: