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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 statement correctly describes the Consolidation dimension?

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

3. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Export metadata
B) Import journals
C) Load a data file
D) Run a business rule

4. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Opening Rate
B) Average Rate
C) Ending Rate
D) Local Rate

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

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

Solutions: