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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

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

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

3. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A) The child entity is NOT a shared entity.
B) The default currency of the child is different from the default currency of the parent.
C) Reporting currencies have been defined in the Currency dimension.
D) To specify exchange rates you must set up multiple currencies when creating an application.

4. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A) Load data to this account and create member formulas.
B) Enter data through a data form.
C) Create member formulas.
D) Load data to this account.

5. Which statement correctly describes the Consolidation dimension?

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

Solutions: