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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

A) Grant the data input users Write access to the dimension members used on the form.
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) Set the currency on the form to Parent Currency.
E) Select level 0 dimension members for POV\ rows, and columns. www*'

2. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Is Plug Account
B) Intercompany Account
C) Plug Account
D) Intercompany Entity

3. 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 must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
C) You can include Data Management artifacts in the clone.
D) You can include the inbox and outbox contents in the clone.

4. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) Period
B) Period and Year
C) View
D) Period, Year, and View

5. Which statement is FALSE about running consolidations?

A) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
B) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
C) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
D) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.

Solutions: