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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) Read
B) Comment
C) None
D) Write

2. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
B) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
C) You can include Data Management artifacts in the clone.
D) You can include the inbox and outbox contents in the clone.

3. What action requires refreshing the database?

A) You deploy a new Configurable Calculation rule in Calculation Manager.
B) You edit the alias for a member in the Entity dimension.
C) You change the ownership percentage for an entity.
D) You edit the Consolidation Operator for a member in the Account dimension.

4. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Contribution
B) FCCS Entity Total
C) FCCS Entity Consolidation
D) FCCS Totallnput And Adisuted

5. Which statement about Opening Balance Override rules is true?

A) You can select which entities to include in the rule scope.
B) They are available only if Intercompany Data with Tracking is enabled for the business process.
C) Opening Balance Override rules execute for the first period in the year only.
D) You can select which accounts to include in the rule scope.

Solutions: