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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which two statements are true about Enterprise Journals? (Choose two.)

A) Line items can only include entities that have been enabled for Enterprise Journals.
B) You can assign a team as preparer or reviewer.
C) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
D) You cannot deploy Enterprise Journals to a period with Pending status.

2. How do you navigate if you want to export a form to a Snapshot file?

A) From the Home page, select Tools, and then Clone Snapshot.
B) From the Home page, select Tools, and then Migration.
C) From the Navigator menu, select Forms.
D) Open the form, select Actions, and then Export.

3. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

A) A rate was entered into the FCCS Rate Override account.
B) An intercompany elimination was performed.
C) The parent entity has a different currency than the child.
D) An ownership percentage for the entity other than 100 was entered.

4. Which statement is FALSE about when Intercompany Data is enabled?

A) Tracking intercompany eliminations is optional.
B) Intercompany accounts are assigned plug accounts.
C) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
D) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.

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

Solutions: