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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about the Equity Pickup feature?

A) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
B) Equity Pickup rules run as part of the consolidation process
C) Seeded rule sets are provided for Equity Pickup.
D) Equity Pickup rules are run on demand from the Rules card by users with launch permission.

2. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

A) You can include Data Management artifacts in the clone.
B) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
C) You can include the inbox and outbox contents in the clone.
D) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.

3. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

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

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

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

5. In Data Integration, for what purpose do you use Workbench?

A) To configure data load options
B) To edit the data load file format
C) To review mapping of source to target members
D) To define dimension mapping

Solutions: