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Sample Questions

Question 1

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. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
B. dashboard reporting with daily revenue comparisons and KPI’s that measure cost controls
C. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
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. provide the ability to collaborate during close and analyse transaction detail in real time

Answer: B,D

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Question 2

Which statement accurately describes alternate hierarchies?

A. Single entities having multiple parents
B. Parent members having the same currency
C. Contribution to parent members are similar
D. Data must be entered multiple times for shared members

Answer: A

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Question 3

Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

A. DAT file type
B. Excel XLS file type
C. Comma delimited
D. Tab delimited

Answer: C,D

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Question 4

Which statement correctly describes when a consolidation can occur within a given year/scenario?

A. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
B. The current period consolidation status is Impacted and the remaining periods are OK.
C. A user has a power user access but only write access to the entity
D. A user with power user access first locks the entity so that other users cannot consolidate the same entity.
E. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

Answer: B

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Question 5

What is the primary function of enabling the Track Intercompany Elimination option during the application creation? 

A. enables the Elimination member in the Consolidation dimension
B. process will separate total elimination values by Data Source
C. enables the application to include Intercompany data.
D. enables the application to perform Intercompany eliminations

Answer: B

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