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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Each period in the year must consolidate separately.
B) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
C) Parent account calculations depend on the sequencing.
D) There is no reason to consolidate years sequentially.

3. Which statement is true of journals created from Recurring templates?

A) The initial status of journals created from Recurring templates is Approved.
B) Journals for recurring templates are created automatically when you open a period for journals.
C) The line items in journals created from Recurring templates are read only.
D) The initial status of journals created from Recurring templates is Posted.

4. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Data Input
B) FCCS Proportion
C) FCCS Total input And Adjusted
D) FCCS Entity Input

5. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A) Data can be stored by the intercompany partner but no eliminations occur.
B) An extra custom dimension is available.
C) The ICP dimension is omitted.
D) The FCCS No Intercompany member of the ICP dimension is used for all data.

Solutions: