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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension contains members to store non-controlling interest and joint venture data.
D) The dimension allows users to view data in the parent currency.

2. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Contribution
B) FCCS Entity Total
C) FCCS Totallnput And Adisuted
D) FCCS Entity Consolidation

3. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) Security can be disabled for any dimension.
B) All members are accessible for dimensions with no security applied.
C) Security is mandatory for one dimension.
D) Security can be assigned at a parent level.
E) The Identity Domain Administrator inherits full access privileges.

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

A) Translated values for Closing Balance are adjusted to the ending rate for the period.
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Values for Opening Balance are retrieved from the prior period's Closing Balance.

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

A) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
B) 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.
C) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
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.

Solutions: