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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which task categories is Audit enabled by default?

A) No task categories
B) Journals
C) Data only
D) All task categories

2. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
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's Closing Balance.
D) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.

3. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Data Input
B) FCCS Total input And Adjusted
C) FCCS Proportion
D) FCCS Entity Input

4. What action requires refreshing the database?

A) You deploy a new Configurable Calculation rule in Calculation Manager.
B) You edit the alias for a member in the Entity dimension.
C) You change the ownership percentage for an entity.
D) You edit the Consolidation Operator for a member in the Account dimension.

5. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Scenario
B) Data Source
C) Entity
D) Period
E) Year
F) Consolidation

Solutions: