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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. 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) Read
D) Comment

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

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

3. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Average Rate
B) Local Rate
C) Opening Rate
D) Ending Rate

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

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

5. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) In the member selection for Entity, do not include shared entities; include only primary instances of entities.
B) Grant the data input users Write access to the dimension members used on the form.
C) Select level 0 dimension members for POV\ rows, and columns. www*'
D) Set the currency on the form to Parent Currency.
E) Set the consolidation member on the form to FCCS Entity Input.

Solutions: