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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Chart
B) Footer
C) Header
D) Grid

2. 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) Set the consolidation member on the form to FCCS Entity Input.
D) Set the currency on the form to Parent Currency.
E) In the member selection for Entity, do not include shared entities; include only primary instances of entities.

3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
B) Select users with the Service Administrator security role.
C) Select the Consolidation template when setting up the Approval Unit hierarchy.
D) Delete the default Approval Unit hierarchy.

4. Which statement is FALSE about running consolidations?

A) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
B) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
C) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

5. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Ownership Percentage
B) Control
C) Consolidation Percentage
D) Consolidation Method
E) Minority Interest Percentage

Solutions: