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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?
A) Account is a Sparse dimension.
B) All parent members in the Account dimension must have a Solve Order value of 58.
C) The View dimension stores only periodic data.
D) You cannot add member formulas to members of the Movement dimension.
2. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?
A) Location Attributes section of the Create Integration dialog box
B) Execute Integration dialog box
C) Options tab of the Application Details dialog box
D) Workbench
3. Which three dimensions can be included in an approval group? (Choose three.)
A) Multi-GAAP
B) Account
C) Movement
D) Entity
E) Scenario
4. Where can you set the default member for the Currency dimension in a Data Integration integration?
A) Location Attributes in the Create Integration dialog box
B) Options tab of the Application Details dialog box
C) Run Integration dialog box
D) Map Members tab in the Create Integration dialog box
5. Which statement is FALSE about running consolidations?
A) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
C) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
D) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
Solutions:
Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B,D,E | Question # 4 Answer: A | Question # 5 Answer: B |