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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. Which statement is FALSE about when Intercompany Data is enabled?
A) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
B) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
C) Tracking intercompany eliminations is optional.
D) Intercompany accounts are assigned plug accounts.
2. Which four items are included in the Currency dimension? (Choose four.)
A) Input Currencies
B) Default Currency
C) Entity Currency
D) Parent Currency
E) Reporting Currencies
F) Journal Input Currencies
3. In Data Integration, for what purpose do you use Workbench?
A) To review mapping of source to target members
B) To define dimension mapping
C) To edit the data load file format
D) To configure data load options
4. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)
A) Control
B) Consolidation Percentage
C) Consolidation Method
D) Ownership Percentage
E) Minority Interest Percentage
5. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?
A) Workbench
B) Options tab of the Application Details dialog box
C) Execute Integration dialog box
D) Location Attributes section of the Create Integration dialog box
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A,C,E,F | Question # 3 Answer: A | Question # 4 Answer: B,C,D | Question # 5 Answer: B |