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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. For which
three dimensions is security enabled by default?

A) Consolidation
B) Data Source
C) Account
D) Entity
E) Scenario

2. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
B) Selecting the primary instance of a member does not include shared members.
C) Selecting a shared member for a rule does not include its primary instance.
D) If a shared member is selected for a rule, the primary instance of the member is selected as well.

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

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

4. Which statement
is false regarding establishing security for Financial Consolidation and Close?

A) The Identity Domain Administrator inherits full access privileges.
B) Security can be assigned at a prevent level.
C) All members are accessible for dimensions with no security applied.
D) Security can be disabled for any dimension.
E) Security is mandatory for one dimension.

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

Solutions: