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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Contribution
B) FCCS Entity Total
C) FCCS Entity Consolidation
D) FCCS Totallnput And Adisuted

2. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) Selecting the primary instance of a member does not include shared members.
B) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
C) If a shared member is selected for a rule, the primary instance of the member is selected as well.
D) Selecting a shared member for a rule does not include its primary instance.

3. Which statement is FALSE about running consolidations?

A) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
C) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
D) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.

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

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

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

A) Translated values for Closing Balance are adjusted to the ending rate for the period.
B) Values for Opening Balance are retrieved from the prior period's Closing Balance.
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.

Solutions: