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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

2. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting a shared member for a rule does not include its primary instance.
B) If a shared member is selected for a rule, the primary instance of the member is selected as well.
C) Selecting the primary instance of a member does not include shared members.
D) If the primary instance of the member is selected for a rule, all shared members for the instances are included.

3. When do you enable submission phases for your approval process?

A) When you set up the approval unit hierarchy
B) When you set the member properties for the entity
C) When you assign the approval unit hierarchy to a scenario, period, and year
D) When you start the approval process for an approval unit on the Manage Approvals page

4. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A) Target application
B) Scenario
C) Data tile name
D) Member mappings

5. 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

Solutions: