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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

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

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

3. Which two statements about the Copy Data function are true? (Choose two.)

A) You can select which Consolidation dimension member to copy.
B) You can copy data for historical rate and amount overrides.
C) You cannot select which Account members to copy.
D) When you select the Regular Data option, journals data is included.

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

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

5. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) Set the currency on the form to Parent Currency.
B) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
C) Set the consolidation member on the form to FCCS Entity Input.
D) Grant the data input users Write access to the dimension members used on the form.
E) Select level 0 dimension members for POV\ rows, and columns. www*'

Solutions: