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Updated: Jul 12, 2026
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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?
A) 3-3-3-4
B) 3-3-3-3
C) 4-4-4-5
D) 4-4-4-4
2. Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)
A) Submit data
B) Run a rule such as Consolidate or Translate
C) Retrieve data
D) Adjust data with Journals
3. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
A) Each period in the year must consolidate separately.
B) There is no reason to consolidate years sequentially.
C) Parent account calculations depend on the sequencing.
D) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
4. What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?
A) The data export format / file extension is always extracted in a ZIP file format.
B) The data export format / file extension is always extracted in a XLS file format.
C) The data export format / file extension is always extracted in a DAT file format.
D) The data export format / file extension is always extracted in a CSV file format.
5. Which statement correctly describes when a consolidation can occur within a given year/scenario?
A) A user has a power user access but only write access to the entity.
B) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.
C) The current period consolidation status is Impacted and the remaining periods are OK.
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.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,B,C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C |
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