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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting a shared member for a rule does not include its primary instance.
B) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
C) Selecting the primary instance of a member does not include shared members.
D) If a shared member is selected for a rule, the primary instance of the member is selected as well.

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

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

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

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

4. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
B) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
C) Equity Pickup rules run as part of the consolidation process
D) Seeded rule sets are provided for Equity Pickup.

5. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension allows users to view data in the parent currency.
D) The dimension contains members to store non-controlling interest and joint venture data.

Solutions: