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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. 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) An ownership percentage for the entity other than 100 was entered.
C) A rate was entered into the FCCS Rate Override account.
D) An intercompany elimination was performed.

2. What action requires refreshing the database?

A) You edit the alias for a member in the Entity dimension.
B) You change the ownership percentage for an entity.
C) You edit the Consolidation Operator for a member in the Account dimension.
D) You deploy a new Configurable Calculation rule in Calculation Manager.

3. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Scenario
B) Consolidation
C) Data Source
D) Year
E) Period
F) Entity

4. 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.

5. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Entity Total
B) FCCS Totallnput And Adisuted
C) FCCS Entity Consolidation
D) FCCS Contribution

Solutions: