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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) The View dimension stores only periodic data.
B) Account is a Sparse dimension.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) You cannot add member formulas to members of the Movement dimension.

2. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Historical
B) FX Rates - Ending
C) FX Rates - Average
D) FX Rates - Opening
E) FX Rates - None

3. Which statement is FALSE about when Intercompany Data is enabled?

A) Intercompany accounts are assigned plug accounts.
B) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
C) Tracking intercompany eliminations is optional.
D) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.

4. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules run as part of the consolidation process
B) Seeded rule sets are provided for Equity Pickup.
C) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
D) Equity Pickup rules are run on demand from the Rules card by users with launch permission.

5. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You can include the inbox and outbox contents in the clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
D) You can include Data Management artifacts in the clone.

Solutions: