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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
B) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
C) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

2. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Earnings per Share
B) Days Sales in Receivables
C) Contribution Margin
D) Debt Ratio
E) Inventory Ratios
F) Gross Margin

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

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

4. Which two
statements are true of the roll forward calculation in the Movement dimension?

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 Closing Balance.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and

5. Which statement is true of journals created from Recurring templates?

A) Journals for recurring templates are created automatically when you open a period for journals.
B) The initial status of journals created from Recurring templates is Approved.
C) The line items in journals created from Recurring templates are read only.
D) The initial status of journals created from Recurring templates is Posted.

Solutions: