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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

2. What is the result of enabling the Calculate Movements system rule?

A) Closing Balance is aggregated from Opening Balance and the current period's movement value.
B) Level 0 movement members become read only in web forms, and must be populated through data load.
C) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
D) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.

3. Where do you set the Intercompany Entities Aggregation option?

A) In the Setup Wizard during business process creation
B) In the member properties of the Intercompany Entities member
C) In the member properties of the Intercompany Top member
D) On the Properties page of the Intercompany dimension

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

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

5. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

A) Workbench
B) Location Attributes section of the Create Integration dialog box
C) Execute Integration dialog box
D) Options tab of the Application Details dialog box

Solutions: