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

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

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

3. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Parent account calculations depend on the sequencing.
B) Each period in the year must consolidate separately.
C) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
D) There is no reason to consolidate years sequentially.

4. 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) None
C) Comment
D) Write

5. Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A) Period
B) Entity
C) Account
D) Year
E) Scenario

Solutions: