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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. What is the result of enabling the Calculate Movements system rule?

A) Closing Balance is aggregated from Opening Balance and the current period's movement value.
B) Level 0 movement members become read only in web forms, and must be populated through data load.
C) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
D) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.

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

A) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
B) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
C) 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.
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.

3. How do you navigate if you want to export a form to a Snapshot file?

A) Open the form, select Actions, and then Export.
B) From the Navigator menu, select Forms.
C) From the Home page, select Tools, and then Clone Snapshot.
D) From the Home page, select Tools, and then Migration.

4. Which four items are included in the Currency dimension? (Choose four.)

A) Parent Currency
B) Input Currencies
C) Reporting Currencies
D) Default Currency
E) Journal Input Currencies
F) Entity Currency

5. Which statement is FALSE about the Equity Pickup feature?

A) Seeded rule sets are provided for Equity Pickup.
B) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
C) Equity Pickup rules run as part of the consolidation process
D) Equity Pickup rules are run on demand from the Rules card by users with launch permission.

Solutions: