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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A) Bar
B) Line
C) Tile
D) Gauge

2. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
B) Translated values for Closing Balance are adjusted to the ending rate for the period.
C) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

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

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

4. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Ending Rate
B) Local Rate
C) Average Rate
D) Opening Rate

5. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) Account is a Sparse dimension.
B) The View dimension stores only periodic data.
C) All parent members in the Account dimension must have a Solve Order value of 58.
D) You cannot add member formulas to members of the Movement dimension.

Solutions: