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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

A) Account
B) Period
C) Scenario
D) Data Source (Entity)
E) Year

2. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Translated values for Closing Balance are adjusted to the ending rate for the period.
D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.

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

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

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

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

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

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

Solutions: