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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You can include Data Management artifacts in the clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
D) You can include the inbox and outbox contents in the clone.

2. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) Account
B) View
C) Consolidation
D) Movement

3. Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

A) Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
B) Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
C) Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
D) Calculations, dashboards, and reports to provide analysis for cash flow modeling

4. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
B) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
C) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
D) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.

5. 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.

Solutions: