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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) All parent members in the Account dimension must have a Solve Order value of 58.
B) The View dimension stores only periodic data.
C) You cannot add member formulas to members of the Movement dimension.
D) Account is a Sparse dimension.

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 changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
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 promoted to a higher level in the promotion path than data for an earlier phase.

3. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Groovy rule.
B) Create a Task Manager rule.
C) Create a valid intersection rule.
D) Create a Configurable Consolidation rule.

4. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select users with the Service Administrator security role.
B) Select the Consolidation template when setting up the Approval Unit hierarchy.
C) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D) Delete the default Approval Unit hierarchy.

5. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Journal
B) Intercompany
C) Consolidation
D) Financial

Solutions: