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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which scenario would an On-Demand rule be an appropriate solution?

A) To add a column with a calculation to a report
B) To allocate data to base entities prior to consolidation
C) To import data into a form or Smart View worksheet
D) To perform a custom currency translation for a subset of accounts

2. Which four items are included in the Currency dimension? (Choose four.)

A) Entity Currency
B) Reporting Currencies
C) Input Currencies
D) Default Currency
E) Journal Input Currencies
F) Parent Currency

3. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Is Plug Account
B) Plug Account
C) Intercompany Account
D) Intercompany Entity

4. Which two statements about the Copy Data function are true? (Choose two.)

A) You can select which Consolidation dimension member to copy.
B) You cannot select which Account members to copy.
C) You can copy data for historical rate and amount overrides.
D) When you select the Regular Data option, journals data is included.

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

A) 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.
B) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
C) The changes in the relational database are synced to the underlying Essbase cube.
D) 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

Solutions: