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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
(Choose two.)

A) Member mappings
B) Data tile name
C) Scenario
D) Target application

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) 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.
D) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.

3. 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) Gauge
B) Tile
C) Bar
D) Line

4. Which statement is true of reporting currencies?

A) All input currencies that you add are automatically added as reporting currencies as well.
B) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
D) All reporting currency members have the suffix Reporting.

5. Which two statements about the Copy Data function are true? (Choose two.)

A) You can copy data for historical rate and amount overrides.
B) When you select the Regular Data option, journals data is included.
C) You can select which Consolidation dimension member to copy.
D) You cannot select which Account members to copy.

Solutions: