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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Groovy rule.
B) Create a Task Manager rule.
C) Create a Configurable Consolidation rule.
D) Create a valid intersection rule.

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

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

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

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

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

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

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

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

Solutions: