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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Translated values for Closing Balance are adjusted to the ending rate for the period.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

2. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A) Write
B) None
C) Comment
D) Read

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

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

4. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A) Grid
B) Chart
C) Header
D) Footer

5. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A) Load a data file
B) Run a business rule
C) Export metadata
D) Import journals

Solutions: