PDF Version DemoOracle 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) You cannot add member formulas to members of the Movement dimension.
B) Account is a Sparse dimension.
C) The View dimension stores only periodic data.
D) All parent members in the Account dimension must have a Solve Order value of 58.
2. Which statement is FALSE about the Equity Pickup feature?
A) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
B) Equity Pickup rules run as part of the consolidation process
C) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
D) Seeded rule sets are provided for Equity Pickup.
3. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)
A) FX Rates - Ending
B) FX Rates - Opening
C) FX Rates - None
D) FX Rates - Historical
E) FX Rates - Average
4. Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?
A) Data can be stored by the intercompany partner but no eliminations occur.
B) The ICP dimension is omitted.
C) The FCCS No Intercompany member of the ICP dimension is used for all data.
D) An extra custom dimension is available.
5. 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) Options tab of the Application Details dialog box
C) Workbench
D) Execute Integration dialog box
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A,E | Question # 4 Answer: B | Question # 5 Answer: B |
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