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Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. Which statement is FALSE about Task Manager schedules?

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

2. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

A) FCCS Totallnput And Adisuted
B) FCCS Entity Consolidation
C) FCCS Entity Total
D) FCCS Contribution

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

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

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

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

5. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A) FX Rates - Historical
B) FX Rates - Average
C) FX Rates - Ending
D) FX Rates - Opening
E) FX Rates - None

Solutions: