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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

2. Which customization can you perform on the Navigation Flows page?

A) Select a data form to display at start up based on user group.
B) Select a color scheme.
C) Set a default POV by user group.
D) Add or Hide cards.

3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?

A) Select users with the Service Administrator security role.
B) Delete the default Approval Unit hierarchy.
C) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
D) Select the Consolidation template when setting up the Approval Unit hierarchy.

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

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

5. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Year
B) Consolidation
C) Data Source
D) Scenario
E) Period
F) Entity

Solutions: