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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about running consolidations?

A) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
C) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
D) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.

2. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) A rate was entered into the FCCS Rate Override account.
B) An intercompany elimination was performed.
C) The parent entity has a different currency than the child.
D) An ownership percentage for the entity other than 100 was entered.

3. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) None
B) Write
C) Comment
D) Read

4. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Gauge
B) Tile
C) Line
D) Bar

5. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) Reporting currencies have been defined in the Currency dimension.
B) The child entity is NOT a shared entity.
C) To specify exchange rates you must set up multiple currencies when creating an application.
D) The default currency of the child is different from the default currency of the parent.

Solutions: