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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which scenario would an On-Demand rule be an appropriate solution?

A) To perform a custom currency translation for a subset of accounts
B) To allocate data to base entities prior to consolidation
C) To add a column with a calculation to a report
D) To import data into a form or Smart View worksheet

2. Which statement correctly describes what happens to parent entities during consolidation?

A) The changes in the relational database are synced to the underlying Essbase cube.
B) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.

3. 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) A rate was entered into the FCCS Rate Override account.
B) An ownership percentage for the entity other than 100 was entered.
C) An intercompany elimination was performed.
D) The parent entity has a different currency than the child.

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

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

5. How do you navigate if you want to export a form to a Snapshot file?

A) From the Home page, select Tools, and then Clone Snapshot.
B) Open the form, select Actions, and then Export.
C) From the Navigator menu, select Forms.
D) From the Home page, select Tools, and then Migration.

Solutions: