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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is true about an approval process with the Phase Dependency option enabled?

A) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
B) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
C) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
D) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.

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

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

3. Which three dimensions can be included in an approval group? (Choose three.)

A) Scenario
B) Movement
C) Account
D) Multi-GAAP
E) Entity

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

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

5. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Journal
B) Intercompany
C) Consolidation
D) Financial

Solutions: