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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) The child entity is NOT a shared entity.
B) The default currency of the child is different from the default currency of the parent.
C) To specify exchange rates you must set up multiple currencies when creating an application.
D) Reporting currencies have been defined in the Currency dimension.

2. For which task categories is Audit enabled by default?

A) Journals
B) No task categories
C) All task categories
D) Data only

3. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A) Scenario
B) Target application
C) Data tile name
D) Member mappings

4. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) The parent entity has a different currency than the child.
B) A rate was entered into the FCCS Rate Override account.
C) An intercompany elimination was performed.
D) An ownership percentage for the entity other than 100 was entered.

5. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) The View dimension stores only periodic data.
B) All parent members in the Account dimension must have a Solve Order value of 58.
C) You cannot add member formulas to members of the Movement dimension.
D) Account is a Sparse dimension.

Solutions: