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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

2. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) An ownership percentage for the entity other than 100 was entered.
B) The parent entity has a different currency than the child.
C) A rate was entered into the FCCS Rate Override account.
D) An intercompany elimination was performed.

3. Where do you set the Intercompany Entities Aggregation option?

A) In the member properties of the Intercompany Entities member
B) In the Setup Wizard during business process creation
C) On the Properties page of the Intercompany dimension
D) In the member properties of the Intercompany Top member

4. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension allows users to view data in the parent currency.
C) The dimension contains members to store non-controlling interest and joint venture data.
D) The dimension uses a separate member for data from an entity's level-zero descendants.

5. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A) Account
B) View
C) Movement
D) Consolidation

Solutions: