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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Total input And Adjusted
B) FCCS Data Input
C) FCCS Entity Input
D) FCCS Proportion

2. Which statement about Opening Balance Override rules is true?

A) They are available only if Intercompany Data with Tracking is enabled for the business process.
B) You can select which accounts to include in the rule scope.
C) Opening Balance Override rules execute for the first period in the year only.
D) You can select which entities to include in the rule scope.

3. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Period
B) Data Source
C) Entity
D) Consolidation
E) Year
F) Scenario

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

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

5. For which task categories is Audit enabled by default?

A) All task categories
B) No task categories
C) Journals
D) Data only

Solutions: