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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A) Account is a Sparse dimension.
B) All parent members in the Account dimension must have a Solve Order value of 58.
C) The View dimension stores only periodic data.
D) You cannot add member formulas to members of the Movement dimension.

2. Which four sample ratios can be selected during business process creation? (Choose four.)

A) Debt Ratio
B) Contribution Margin
C) Earnings per Share
D) Gross Margin
E) Inventory Ratios
F) Days Sales in Receivables

3. Which statement is true about an approval process with the Phase Dependency option enabled?

A) Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
B) Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
C) Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
D) 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.

4. For which scenario would an On-Demand rule be an appropriate solution?

A) To allocate data to base entities prior to consolidation
B) To import data into a form or Smart View worksheet
C) To add a column with a calculation to a report
D) To perform a custom currency translation for a subset of accounts

5. 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) Read
C) None
D) Comment

Solutions: