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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. The company PQR has an ownership structure as shown below.

H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

A) Hickory and Paducah
B) PQR
C) H 1 and P 2
D) No elimination is performed, because H 1 and P 1 do not have the same parent.

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

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

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

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

4. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Scenario
B) Account
C) Data Source (Entity)
D) Period
E) Year

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

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

Solutions: