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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement correctly describes what happens to parent entities during consolidation?

A) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
B) The changes in the relational database are synced to the underlying Essbase cube.
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.

2. Which statement is true of journals created from Recurring templates?

A) Journals for recurring templates are created automatically when you open a period for journals.
B) The initial status of journals created from Recurring templates is Posted.
C) The line items in journals created from Recurring templates are read only.
D) The initial status of journals created from Recurring templates is Approved.

3. Where can you set the default member for the Currency dimension in a Data Integration integration?

A) Run Integration dialog box
B) Location Attributes in the Create Integration dialog box
C) Options tab of the Application Details dialog box
D) Map Members tab in the Create Integration dialog box

4. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Consolidation
B) Entity
C) Data Source
D) Scenario
E) Period
F) Year

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

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

Solutions: