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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A) Period and Year
B) View
C) Period
D) Period, Year, and View

2. Which two are members in the Consolidation dimension? (Choose two.)

A) FCCS Proportion
B) FCCS Data Input
C) FCCS Entity Input
D) FCCS Total input And Adjusted

3. Which statement is FALSE about Task Manager schedules?

A) Users can still complete tasks in a schedule that has been closed.
B) You can re-open a schedule that has been locked.
C) You can still add tasks to a schedule that has been closed.
D) To start all the tasks in a schedule, you must change the status from Pending to Open.

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

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

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

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

Solutions: