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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) An extra custom dimension is available.
B) The FCCS No Intercompany member of the ICP dimension is used for all data.
C) Data can be stored by the intercompany partner but no eliminations occur.
D) The ICP dimension is omitted.

3. What is the result of enabling the Calculate Movements system rule?

A) Closing Balance is aggregated from Opening Balance and the current period's movement value.
B) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
C) Level 0 movement members become read only in web forms, and must be populated through data load.
D) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.

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

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

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

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

Solutions: