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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A) Year
B) Period
C) Entity
D) Account
E) Scenario

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

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

3. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
B) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
C) Translated values for Closing Balance are adjusted to the ending rate for the period.
D) Values for Opening Balance are retrieved from the prior period's Closing Balance.

4. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Configurable Consolidation rule.
B) Create a Groovy rule.
C) Create a Task Manager rule.
D) Create a valid intersection rule.

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

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

Solutions: