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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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

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

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

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

3. Which statement is true of reporting currencies?

A) All input currencies that you add are automatically added as reporting currencies as well.
B) All reporting currency members have the suffix Reporting.
C) When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
D) During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.

4. Which statement is FALSE about Task Manager schedules?

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

5. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Is Plug Account
B) Intercompany Account
C) Plug Account
D) Intercompany Entity

Solutions: